• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Litecoin Officials Conduct AMA Session with Community

Yashu Gola by Yashu Gola
6 years ago
in Cryptocurrency news
Reading Time: 2min 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.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. 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.”

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
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 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 price prediction

Bitcoin At $100,000: Estimating The Chance Of Six Figure BTC In 2021

16 hours ago
Coinbase’s $86bn Valuation Has Been Grossly Exaggerated by Misleading Media

Coinbase’s $86bn Valuation Has Been Grossly Exaggerated by Misleading Media

17 hours ago
Ripple XRP XRPUSDT

How The XRP Community Reply To The SEC’s “Shady” Move

20 hours ago
Cardano ADA

How This Cardano Platform Will Benefit From Chainlink Oracles

21 hours ago
Litecoin LTC

How Litecoin Can Follow DOGE To The Moon And Reach $2,000

22 hours ago
Fundamentals go Out The Window, $1 Dogecoin incoming?

Fundamentals go Out The Window, $1 Dogecoin incoming?

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

XRP Triples Within Weeks, Will the Bull Run Continue?

April 17, 2021

User-Friendly Interface Is Key to Wisebitcoin’s Steady Growth

April 16, 2021

Sign up and Get Free $30 Coupon With Nhash Cloud Mining Services

April 15, 2021

Newsletter Signup


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.

COMPANY

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

Technical Analysis

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

LINKS

Auto Trading Software ▸

Cryptocurrency news

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

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 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.