• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain

Litecoin Officials Conduct AMA Session with Community

Yashu Gola by Yashu Gola
8 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Charlie Lee: “Litecoin Does Not Need Development Right Now”Litecoin creator Charles Lee and his team recently gathered on a Reddit page to answer people’s questions and troubles regarding Litecoin, which is by far the most popular altcoin.

The Ask-Me-Anything session, which started on January 24th and ran until 0930 EST of the next day, saw a series of queries related to Litecoin’s development, falling value, and mining monopoly. Lee and team swiftly answered them in a detailed and constructive manner. They also revealed a number of new projects meant to put Litecoin once again in public spotlight.

For instance, the very first post by one of the Litecoin Developers – Reddit id “aspect_” explained how their team is solely focusing on gaining broader adoption. In the same writing, he gave some exciting teasers of their upcoming plans, which included a multi-bit port, a new market indicator, and integration into Lamassu ATM.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

“I feel like buying more Litecoin after reading that,” one of the community members commented on aspect_’s post.

Price & Prejudice

Litecoin might be among the only altcoins that has faced a maximum share of criticism due to its overlong and persisting bearish performance. So indeed, that issue was supposed to find voice during the AMA as well. A number of people asked the officials about their opinions and plans regarding the cryptocurrency’s value. Lee, in his reply, blamed the price on the volatility which is again due to the slow adoption rate.

“All of cryptocurrency is in a slump. And Litecoin more so because it’s more volatile than Bitcoin,” he wrote. “When there’s a bubble (for lack of a better word), LTC climbs higher than BTC. And when over time, it drops back down until the next bubble. I would expect this trend to continue.”

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Mine Games

The increasing influence of ASIC Mining machines was another issue that ruled the Q&A round. In fact, the issue have arisen multiple times in the community before in the wake of the poor profitability ASICs offer. Litecoin Association Director – Reddit id ‘Carnth’ – said that ASIC suppliers have always failed to comply with the request to “Spread the Hashes” – something which is quite necessary to make the network safe from double mining attacks.

“I also feel that we need a decent priced mining hardware that competes with other hardware $/Hs wise. This will allow mining to become decentralized naturally, and would be more fun for hobbyist miners,” he added.

Feel free to read the entire session here.

Image Source: Big Stock Photo

Tags: ASIC miningcharlie leecryptocurrencylitecoinlitecoin pricelitecoin value
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Related Posts

Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks

Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks

14 mins ago
Bitcoin price

Bitcoin Price Barrels Past $28,000 – Can BTC Keep Pushing This Week?

1 hour ago
Bitcoin Market Dominance Hits 9 months High as Altcoins Turn Red

Bitcoin Market Dominance Hits 9-Month High As Altcoins Turn Red

19 hours ago
BlackRock Credit Suisse

BlackRock Says No To Credit Suisse – Are Their Books So Bad?

21 hours ago
Conflux (CFX) token Tallies 167% In Past Week, Here’s Why?

Conflux (CFX) Token Tallies 167% Increase In Past Week – Here’s Why

22 hours ago
North Korean Hackers Involved In Euler Finance Exploit: Chainalysis

North Korean Hackers Involved In Euler Finance Exploit: Chainalysis

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

TMS Network (TMSN) Holders Enjoy Gains in Presale Attracting New Investors from PancakeSwap (CAKE) And Algorand (ALGO)

March 20, 2023

USD Coin (USDC) And Cardano (ADA) Suffer Losses While TMS Network (TMSN) Explodes in Presales

March 20, 2023

TMS Network (TMSN) Emerges as the New Favorite of Investors, Leaving Filecoin (FIL) and Arweave (AR) in the Dust

March 20, 2023

Orbeon Protocol (ORBN) Emerges as a Potential Web3 Unicorn, Posing a Challenge to Axie Infinity (AXS) and PancakeSwap (CAKE)

March 20, 2023

The 3 Top Tokens To Buy Below $1 Are Shiba Inu (SHIB), RenQ Finance (RENQ), And Cardano (ADA)

March 20, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.