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Economics & Finance
Cryptocurrency Articles
Page 4 of 4
What is a Litecoin?
Just like our fiat currency, we have dozens of cryptocurrencies which are ruling the digital world now. Litecoin is created based on an open source cryptographic protocol and was started in October 2011 as an early bitcoin spinoff. It is a decentralized money, free from censorship and used to send secure payments digitally.According to the market capitalization, LiteCoin is the third largest cryptocurrency after BitCoin and XRP, and like other cryptocurrencies, Litecoins does not allow transactions in US Dollars. They conduct transactions in Litecoin units.The total number of Litecoins that can ever be mined is capped at 84 million. The ...
Read MoreWhat is the best Bitcoin Mobile Wallet?
Bitcoin wallets come on different platforms with different features. There is not “one size fits all” concept.Bitcoin wallet can be set up electronically either on your mobile or desktop. It is an application or a program which allows you to send or receive Bitcoin cash, and keep track of your transactions and history. The software program stores the private and public keys and interacts with various block chains to enable the users to send and receive digital currency and also monitor their balance. If you want to store and use the crypto currency you need a Digital Wallet.They are downloaded ...
Read MoreWhat happens to Bitcoin after all the 21 Million Coins are mined?
Bitcoins are created by Satoshi Nakamoto, in 2008 whose identity is still a mystery, whether it is one person or a group of persons. Satoshi Nakamoto proposed Bitcoin as a means of exchange, independent and secure and also a limited number.Now the question comes, Why limited supply?The most important feature of Bitcoin is that it is decentralized. No Central authority will keep a check on its demand or supply. Satoshi has created an open source code which is maintained by a group of volunteer programmers and runs as a distributed network with nodes spread across the world. We know that ...
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