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Litecoin vs. Bitcoin, who win? It is more like a comparison between gold and silver. These are the top two cryptocurrencies by market cap if you don’t include Ripple (XRP). Recently Bitcoin (BTC) had a market cap of $8.48 billion and Litecoin (LTC) was at $485 million. Litecoin is based upon the Scrypt hashing algorithm and Bitcoin is based on SHA256D. Miners are incentivized with bounties. For each Litecoin found the current reward is 50 LTC and the maximum number of coins in exisitence is capped at 84 million. For each Bitcoin discovered, the reward is down to 25 BTC and will continue to be halved on a regular basis until 2040 when the maximum supply is reached capped at 21 million. Mining cryptocurencies is a post in itself. Briefly, it involves using freely dwnloadable software run on dedicated hardware or cloud computing power to solve complex calculations. The calculations get harder over time and the rewards get reduced as well. Miners are rewarded or discovering blocks which are added to a block chain every 10 minutes. Currently it may make more financial sense to try to mine LTC rather than BTC.

Why invest in Bitcoin

                                     

Bitcoin currency is not officially approved . Although slowly many dealers who accept Bitcoin payment , it's still a rarity and always current converted by the hard dollar. Currently no reason and need to pay Bitcoin , with the exception of the black market , where it is used bitcoin anonymity . He is now the most usable only as an investment commodity. And as with all investments even here, that it is tempting to capitalize on the scales with a higher risk .

                                     

right at the start : Forget the fabulous increases the investment of even ten to hundreds of times , it's too late. Bitcoin is the smaller spring and autumn big boom slowly stabilizing and growth is moderate * . But still, in comparison with , for example, the stock market still like a rollercoaster. One can earn a small rapid fluctuations in buying and selling , but much more interesting seems to be a long-term investment in Bitcoin .

                                     

That is something like bitcoin currency deflation and down on powerful computers , it probably already know, and if not, refer you to an earlier article. Bitcoinové assets are stored at addresses that can be thought of as bank account numbers . But these addresses is unlike bank accounts virtually unlimited number and you can freely generate more and more . Each address is then the key with which to decrypt the content , thus the number of Bitcoin her " saved " .

                                     

Bitcoin is the first open -source , decentralized electronic currency that will change the world

                                                                          

How can I get Bitcoin ?

                                     

Bitcoin is the monetary unit of currency in the Bitcoin system. It is also abbreviated " BTC" , is used to determine the price or quantity ( for example, "100 BTC" ) . Bitcoin is not palpable, tangible . It's just a number associated with a Bitcoin address . For better understanding, it is advisable to read the article , for example, What is Bitcoin .

                                     

It is a virtual Internet currency that uses peer to peer technology. Currency is not only decentralized but also completely anonymous - payments are tested on a separate network, consisting of Bitcoin clients and associate only with a unique address . Not the the name and other identifying information , such as is the case with bank transfers , but even at the largest online currency payments Paypal.

                                     

Shop Bitcoin can be on servers that allow this payment , currently mainly e - books and video games. They can however also carry the classic menus like the dollar or euro. Bitcoin value increases then of course the fact that it is used more and more users and thus increases its convertibility.

                                     

virtual currency Bitcoin is gaining more and more popularity. Its advantages like easy payment system or use around the world , but they are very balanced rate volatility and uncertainty as to the so far unregulated currencies stand governments .

                                                                          

Bitcoin shook himself . Remains but the currency from speculators and profiteers ?

                                     

- Bitcoin is a digital currency while Internet-based payment network. - Network operating since 2009, when he described it created a person or group of people under the pseudonym Satoshi Nakamoto . The author never publish your real identity while gradually ceased any public appearances . - Bitcoin is a decentralized and is not regulated by any bank or government. Possession of a bitcoinové Bitcoin transactions are anonymous , as the accounts are not linked to the identity of the owner. Bitcoin may be due to its digital nature used throughout the world. Payments are made directly to the network without an intermediary ( bank) for a minimal cost. Even a large transaction can be performed relatively quickly. - Bitcoin can be exchanged for real currency Bitcoin payment already allow some shops and service providers .

                                     

Price Bitcoin contrary, continues to grow strongly and will likely soon surpass the value of gold . Price Bitcoin is fast approaching the price of gold. Bitcoin value during Friday reached a new record on the Stock Exchange Mt . Gox climbed to $ 1,242 . Later it was reduced to about $ 1,170 apiece, now rising again ( you can watch the current development

                                     

Bitcoin will survive at least due to speculators. Digital currency is undergoing a crisis of confidence. Visionaries her but still believe and want to do business with Bitcoin financial institutions .

                                     

year 2014 started well for bitcoin . Proliferated companies that take care of the infrastructure trade with bitcoin , bitcoin candidates on a stone and online stores that accept Bitcoin . Price Bitcoin has risen again , this time for about 700 euros.

                                                                                                               

Kryptoměny experiencing a tremendous boom. The head is the most popular Bitcoin , the price of which varies wildly and deals with it in a big way. Bitcoin

                                     

Bitstamp - currently the largest stock exchange in terms of volume traded Bitcoin Bitcoin , also one of the best indicators of the current price of Bitcoin 2 ) Bitstock.cz - Czech with Bitcoin exchange , you can trade in Czech crowns

                                     

Bitcoin is the first decentralized digital currency . Bitcoin is a payment system that allows you to pay through the internet safely and transparently. Bitcoin was founded in 2008 , gained popularity until around November 2013. Bitcoin How does it work? Bitcoin works ...

                                     

What is Bitcoin ? Bitcoin distribution is a peer-to -peer digital currency that can be sent quickly and safely to anyone in the world . It's like " internet money " that can be used as payment friend ...

                                      

Bitcoin has become a commodity full of legends , interested in him because of the media hype increased. Should be a virtual currency future. Long-term savings in current inflation currencies requires a search for alternatives. Could such an alternative currency to become virtual? It bitcoin relevant investment or just pure speculation ?

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