Emerald Crypto | February 23, 2021

Litecoin (LTC) is a digital asset that new cryptocurrency investors and traders might consider adding to their portfolios. LTC is similar to Bitcoin in that its primary use is as a currency / payment processing network.

In fact Litecoin was one of the first Bitcoin forks. In the world of cryptos a hard fork occurs when a change in protocol results in the splitting off of a cryptocurrency into two separate entities.

As Coin Central's Alex Moskov put it, many look at Litecoin as the silver to Bitcoin's gold. LTC has a larger circulating supply and a lower price when compared to BTC:

Supply: BTC – 18.6M LTC – 66.5M
Price: BTC - $49,000 LTC - $179

Litecoin is both open source and peer-to-peer. When something is open source that means the developers make the software source code available to be viewed, modified, distributed and/or upgraded by anyone. Peer-to-peer (P2P) is a characteristic component of decentralization where transactions are managed through a distributed network of computers rather than through a centralized authority.

LTC is as much as four times faster than BTC and the network is capable of handling higher transaction volume due to more frequent block generation. The cost of transactions is also very low – according to their website near-zero cost payments to anyone in the world. The low transaction costs and the fact that it is available on all of the major exchanges make LTC a good choice for initiating deposits and trades.

Litecoin is currently the 8th largest cryptocurrency globally in terms of market cap ($11.9B) and is currently trading up over 38 percent since the beginning of 2021.

Two upcoming events could also bode well for Litecoin's market outlook. First, an upcoming code release in March will announce enhanced privacy features for LTC. Second, Spark (FLR) recently announced an airdrop for Litecoin holders.

As always readers are encouraged to do their own research and to come to their own conclusions but we think there is a good place for Litecoin is most cryptocurrency portfolios.

Sources

https://litecoin.org/

https://coincentral.com/what-is-litecoin/

https://www.cryptoglobe.com/latest/2021/02/crypto-analyst-says-litecoin-breaking-out-explains-why-it-could-run-to-1000-in-2021/

Originally published here

https://emeraldcrypto.news/f/learning-about-litecoin

So, stayed up late and made this video with my nephew, who was trying to learn about Bitcoin. I pretty much talked about everything from the history, to mining, to reading charts, and basically doing everything from my experience over the past 4 years.
This is all just two guys talking about it, and it's not trying to be the know all and be all of everything on crypto. Please check it out, and if you know anyone that is interested in getting into the space, maybe this video will be a great place to start.
And yeah, there's times where I might make a mistake, or talk too fast. This isn't a smooth video, it's just a recorded zoom call.

Emerald Crypto | Feb 20

Bitcoin is the world’s leading cryptocurrency, Ethereum is the most widely used blockchain technology, and Binance is the world’s largest crypto exchange. An exchange is a market that allows users to trade cryptocurrencies or to buy and sell digital assets with traditional fiat currencies.

Binance Coin (BNB), the house coin of the Binance platform (like Ether is to Ethereum), has made a huge splash this week by surpassing Tether as the world’s third largest cryptocurrerncy by market capitalization. As of this writing BNB has a market cap of over $43.7B.

The price of Binance Coin was $37.98 on January 1st and according to Coinbase the current price is $281.39 – a 640.89% increase for those keeping score at home.

Binance used the Ethereum blockchain until 2019 when it switched to its own technology called the Binance Smart Chain. According to Ivan on Tech,

“Binance Smart Chain is a blockchain built with the flexibility for smart contracts, decentralized applications, and cryptocurrencies.”

The technology makes it “super easy for developers to move their projects onto the blockchain.”

Binance is known for its large centralized exchange but the venture has more to offer than a blockchain, a coin and a marketplace. They also have a funding scheme, an Academy, a Trust Wallet, a charity and a decentralized exchange.

Which leads to what very well may be the cause of Binance Coin’s current surge.

The DeFi movement in a nutshell is a move towards decentralization. When something is centralized there is an entity and usually a person who can be identified as in charge or running things. 99Bitcoins summarizes the goal of decentralization nicely: to replace centralized financial services with autonomous organizations that allow everyone to participate.

This means the decentralization of everything – currency, financial services, infrastructure, and exchanges.

Uniswap (UNI) has been the leading decentralized exchange on the market for some time now. The protocol runs on Ethereum but recently has had trouble catering to increased demand caused by the DeFi fad. According to Bhushan Akolkar of CoinGape, the result of this rising demand has been an increasing transaction fee (gas fee), which has shot to over $20 per transaction on average.

On Thursday Binance’s decentralized exchange PancakeSwap (CAKE) overtook Uniswap in terms of daily trading volume. CAKE runs on the Binance Smart Chain.

This news is likely at least one of the causes of Binance Coin’s sharpt increase this week. Additonally, Binance has a buy back program where they buy up BNB every quarter and then 'burn it'. Thus the coin is essentially deflationary which bodes well for the future value of the asset.

Is Binance the new Ethereum? That’s probably a little premature but this is definitely a trend to keep one’s eye on.

ETHEREUM BREAKS $700🚀

Let's send Ethereum (ETH) to $1000 as soon as possible!🔥

Altseason soon?🤔🚀

CHAINLINK (LINK) broke its previous All-Time-High price ($19) today reaching $22.8.
Link marines have been waiting for this moment for a long time as the price has been hovering around $10-$12 for a long time.
Now that Chainlink (LINK) reached a new All-Time-High price we might probably be expecting the price to go higher.
Why not $50? Long way to go but not impossible though.

Hello Everyone, please tell your thoughts about bitcoin and ethereum on 2021 !!
Tell on the comment section ☺️

A translation by Isaac Newton found among his papers that are currently housed in King's College Library, .
___________________________________________
Tis true without lying, certain and most true.

That which is below is like that which is above
and that which is above is like that which is below
to do the miracles of one only thing

And as all things have been and arose from one by the mediation of one:
so all things have their birth from this one thing by adaptation.

The Sun is its father,
the moon its mother,
the wind hath carried it in its belly,
the earth is its nurse.
The father of all perfection in the whole world is here.
Its force or power is entire if it be converted into earth.

Separate thou the earth from the fire,
the subtle from the gross
sweetly with great industry.
It ascends from the earth to the heaven
and again it descends to the earth
and receives the force of things superior and inferior.

By this means you shall have the glory of the whole world
and thereby all obscurity shall fly from you.

Its force is above all force,
for it vanquishes every subtle thing and penetrates every solid thing.

So was the world created.

From this are and do come admirable adaptations
where of the means is here in this.

Hence I am called Hermes Trismegist [sic],
having the three parts of the philosophy of the whole world

That which I have said of the operation of the Sun is accomplished and ended.

Do not miss another important lesson from Pomp.
https://pomp.substack.com/p/bitcoin-is-the-most-regulated-currency

https://news.bitcoin.com/russian-oil-giant-provides-excess-gas-to-operations-powering-bitcoin-mining-devices/

The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at the oil field.

According to multiple reports, the Russian oil drilling subsidiary Gazpromneft is giving bitcoin miners the ability to utilize excess gas from oil drilling to mine the leading cryptocurrency.

A small mining operation called Vekus was the first to leverage Gazpromneft’s excess gas just like mining operations in North America such as Greenidge Generation, Crusoe Energy Systems, EZ Blockchain, and Upstream Data. The regional publication Forklog said that Vekus installed a container filled with 150 Antminers and during the test pilot the group used “49,500 cubic meters of associated gas and produced 1.8 BTC.”