The rise and fall of lightcoin and bitcoin

1. Hello! bitcoin is the source of virtual currency, and lightcoin is the leader of Shanzhai currency. At present, the investment prospect of virtual currency is very good, which has been soaring in recent days. If you want to invest, you can learn about Du currency. It was just listed last month, which has more development potential

2.

After a month long correction, the price of Leyte currency has directly dropped by about 50%. Fortunately, the currency has finally stopped the downward trend. Nevertheless, it is still hard to say whether this currency and other competitive currencies will start to rise or continue to decline in the next few weeks, and whether it is possible to break the rock bottom price

on the 1-hour table of Leyte to bitcoin, we can see more clearly that the recent breakthrough occurred near 0.083cong, and then brought a rapid rise of 15%. On the Maxx momentum indicator, the green bar chart clearly shows that the buying momentum has turned upward. The 50 day moving average is now touching the 0.088 Cong control point, which may bring the price back to this range in the short term

in the past 48 hours, the competitive currencies in the whole market showed some urgent rising momentum after continuously breaking the low point

the bank has analyzed for a long time, and it is very important to monitor the correlation between the price trend of lightcoin and bitcoin. The relationship is particularly useful when trying to measure market traffic and whether a competitor is really worth trading. Generally speaking, when bitcoin moves rapidly in any direction, whether upward or downward, it is difficult for competitive currencies to stabilize, because their volatility is far less than that of bitcoin. Therefore, when bitcoin consolidates and develops horizontally, it is the best way for competitive currencies to move higher

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3. Generally speaking, the price of Leyte currency fluctuates with that of bitcoin. The founder of lightcoin claims to make up for some of the shortcomings of bitcoin and is an experimental proct of bitcoin. However, it has been proved that lightcoin is not a good experimental proct and there is no innovation, but the algorithm is different and the number is a little more. It used to be said that it was not mining with ASIC miner, but finally it was a face fight. Basically, as the price of bitcoin rises, so does the lightcoin. As bitcoin falls, so does the lightcoin.

4. On October 7, 2011, a network organization announced the release of a new P2P virtual currency, called lightcoin (LTC)

litecoin is short for LTC, and its English name is litecoin. Litecoin stands for lightweight. The meaning behind litecoin is lightweight currency
1. Bitcoin generates a block every 10 minutes, while lightcoin LTC generates a block every 2.5 minutes. This means that lightcoin has faster transaction confirmation efficiency. Bitcoin transfer sometimes takes 1 hour or even longer to arrive at the account, but lightcoin generally takes less than 20 minutes to confirm

2. Since the LTC speed of lightcoin is four times that of bitcoin, and the reward of each block is the same as bitcoin, the total amount of money is four times that of bitcoin, which is 84 million lightcoins, which is higher than that of bitcoin<

3. Bitcoin adopts sha256 encryption algorithm, and lightcoin adopts script encryption algorithm. Compared with bitcoin, lightcoin LTC has a slightly lower computational load, which makes it easier to mine and more suitable for graphics card
(GPU) operation. At the same time, FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are better than sha256 used for bitcoin, More expensive.

5. Like bitcoin, lightcoin is a kind of cryptocurrency, with unlimited fluctuation, high risk and high yield
Leyte coins can be traded 24 hours a day. You can buy them up or down depending on your will. There is also a futures market for Leyte.

6. Like bitcoin, lightcoin is a kind of cryptocurrency, with unlimited fluctuation, high risk and high yield

Leyte coins can be traded 24 hours a day. You can buy up or down depending on your personal wishes. There is also a futures market for Leyte.

7. Not only is the trend of lightcoin similar to that of bitcoin, but the trends of Ruitai coin, dogcoin, Ethereum and bitcoin are very similar
however, the relationship between lightcoin and bitcoin is closer. Lightcoin is known as a substitute for bitcoin and a supplement to bitcoin.

8. In the simplest terms, blockchain is a distributed ledger

to understand what this means, let's first look at its opposite: a centralized ledger. Because blockchain technology starts from finance, we will also use the bank as an example

the following is the process of our bank debit card transaction:

you can buy goods by swiping your card in the store

the merchant sends the bill to your bank to get the agreed amount

your bank will verify whether you are likely to authorize the purchase

banks remit money to businesses

finally, the bank records this information in its ledger

there are a lot of technologies involved here, but basically that's it. The last step is important - the bank keeps track of all transactions made by the customer. This ledger goes all the way back to the first transaction the bank made

the ledger is kept, maintained and supervised by the bank. You can read it in your online bank account, but you can't change it. The bank is in full control. If it decides to make a change, there's nothing you can do

it is crucial that if hackers can access the bank's ledger, it may lead to many problems. They can change the account balance to make it look like some transaction never happened, and so on

that's why distributed ledger is so cool

blockchain network visualization

if the bank operates on a distributed ledger, each member of the bank will have a of the ledger. Whenever any member of the bank makes a purchase, they will tell all other members of the bank

each member validates the transaction and adds it to the ledger (the added record is called a "block"). This has some important benefits because there are no centralized permissions to manipulate records. Hacker access to one ledger won't be a big problem because other ledgers can easily verify it

on the other hand, it requires a lot of work. In short, the second system is blockchain (at least in the financial scenario)

as mentioned above, blockchain is a decentralized transaction list. If I send Xiaoming two bitcoins, I will send a message to everyone in the network, saying "I am sending Xiaoming two bitcoins", and they will record the transaction

in the future of blockchain, how will it change our lives

one important thing about blockchain is that it is a public resource and no one really owns it because everyone owns it

blockchain is more than science fiction. We don't need to understand the mechanism behind this technology, but you need to understand that it may completely change our lives in the next 20 years

that sounds bold, but remember, 20 years ago, we were browsing the Internet on Netscape, using the most advanced Motorola flip phone, and buying our first DVD player. At that time, if we imagined that the computer could be held in our hands, and that we could buy a car, pay for money and watch movies on it, it would be considered a fantasy

although the impact of blockchain may not be as obvious as the Internet or as tangible as mobile phones, blockchain will effectively solve many troubles in daily life. For example, intermediary entrapment, transaction delay and so on. In our present life, middlemen can be seen everywhere. We take it for granted that they are a part of our life. If one day, these intermediaries no longer exist, you will find that the world will become a different one

imagine that by 2040, blockchain may become a mature and widely used technology. One day, you can't do without blockchain, just as you can't do without the Internet now, you will be surprised that this decentralized accounting technology has become a part of your lifestyle

9.

At present, the pilot work of digital RMB is progressing steadily. Since the regional pilot work was carried out in Luohu, Suzhou and other places in Shenzhen in 2020, the scope of use of digital RMB has graally expanded, with more scenes and more participating banks and businesses, which has accumulated valuable experience for the promotion and popularization of digital RMB on a larger scale in the future

On the contrary, if the digital RMB can seize this historical opportunity and combine with the global value chain, it will promote the process of RMB Internetization and "network effect" on the new track, which will build the financial "City Protection II" in advance in the digital currency era and weaken the spillover impact of the ups and downs of US dollar liquidity on China's monetary policy

the popularity of digital RMB can accelerate the process of asset digitization in China, and further promote the development of digital economy. From the current several pilot projects, the function of digital RMB in payment has been relatively complete, common online and offline scenarios have been supported, and payment can also be realized in a non network environment

after the issuance of digital RMB, some people in rural areas and remote mountainous areas can enjoy payment and other financial services through digital wallet even if they do not have a bank account, which helps to enhance the universality of financial services. For foreign tourists who do not have a domestic bank account in China, they can make small payments through opening digital wallet

we also expect that digital RMB will really come into our lives

10. They are different from other colleagues in mining. Other mining speeds take 60 to 90 days, and they can complete the packaging in 42 days.