Over the counter bitcoin price
bitcoin is just like the currency in the game, but no one releases bitcoin. Instead, it relies on a specific algorithm to generate , so now people looking for bitcoin also call themselves miners, but they rely on computers to mine
the rise of bitcoin is e to the restructuring of global risk assets , and the widening of investment channels for encrypted assets . Since the beginning of this year, the volatility of securities and foreign exchange markets has intensified, and global investors are looking for safe assets. Traditional safe asset gold is more dependent on the real economy and inflation expectations, Bitcoin is more like a sensitive index, gaining a certain asset hedging advantage
it mainly refers to other transactions that bitcoin does not conct through formal and legal channels and platforms such as exchanges, for example, small amount of personal online transactions, large amount of offline face-to-face transactions, one-hand transfer of money (on-site transfer of money to the buyer's wallet address) and one-hand payment.
the risks of over-the-counter trading of bitcoin are mainly in the following aspects:
first, the legitimacy of the transaction, whether the bitcoin transaction is legal, and whether there is any suspicion of evading the law
Second, the identity of both sides of the transaction, both sides of the transaction do not know who the other party is, for both sides, it is a kind of risk-taking instry
Third, transaction rules, both parties are not sure whether the other party completes the transaction according to the agreement
Fourth, after the transaction, whether other issues are involved after the completion of the transaction
as an over-the-counter transaction of bitcoin, bitcoin packets feel that there are great risks for both sides of the transaction. Therefore, for the users who have the intention to trade, try to go to the formal platform to complete the bitcoin transaction.
It is based on bitcoin protocol, but different from bitcoin, even at the present stage, it can "mine" efficiently through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units
one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin
related website community official website of litecoin official forum of litecoin China community

