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1  Alternate cryptocurrencies / Altcoin Discussion / Re: On Litecoin on: February 04, 2019, 11:42:31 AM
Litecoin is created by Charlie Lee, an ex-Google employee, to had the vision to create something which is lighter and cheaper than Bitcoin, hence the name. On October 7, 2011, Litecoin was released by an open source client on GitHub. Litecoin is formed from Bitcoin, with similar features and characteristics. So, it is the fork of the Bitcoin. Litecoin is an improved version of Bitcoin will lesser brand awareness.

Litecoin is one of the most under-valued and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as “silver” of crypto world and Bitcoin referred to as “gold” of the crypto world.

What are the Benefits of Litecoin?

Litecoin was created very similar to Bitcoin. Its underlying technology is based on the proof-of-work model. Litecoin mining is the process by which one can obtain Litecoins, using their computers to secure the Litecoin network.
Litecoin mining involves the use of adding blocks to its blockchain. The LTC miner who first verifies a block earns a certain number of Litecoins, which is reduced as the mining continues.
However, it used the Scrypt algorithm in its Proof-of-Work model, ensuring a quicker and safer transaction. The transactional fee is reduced as well, making transactions cheaper than those using Bitcoin.

Litecoin price prediction in five years:
The Litecoin price prediction is done based on the fact that it is the 6th most valuable cryptocurrency in the world. Litecoin price prediction suggest that the Litecoin price is up for a long-term 962.28% in the LTC  value with a 5-year investment, which means that in the year 2023, the Litecoin Price is forecasted to stand at $905.12.

As the currency is gaining more popularity, the acceptance ratio is increasing. It is already high as compared to the other newcomers. The price is going to soar pretty high in the year 2022 and 2023, where it can reach the 900 dollar mark. You can convert LTC to BTC from CoinSwitch at best rates.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Zclassic Roadmap on: February 04, 2019, 10:55:48 AM
Aiming to keep the original ideals behind cryptocurrencies (a fair, decentralized financial platform for everyone) alive, ZClassic is a hard fork of ZCash, without ZCash’s 20% founder’s reward or its slow start feature, which resulted in extreme hyperinflation in its price.
ZClassic gives miners all the rewards for their efforts unlike ZCash, which takes a 20% tax on mined coins until half of all its coins are mined. 
It is a largely community-driven cryptocurrency, which will need all the help it can get because of a lack of fixed compensation for the developers, which may lead to lack of its development.

What are the advantages of ZClassic?

ZClassic, like ZCash, is a cryptocurrency primarily focusing on facilitating transactions between its users while granting them full privacy. It uses the “Proof-of-Work” consensus system, like Bitcoin, with a few changes to enhance privacy.
Like ZCash, it relies on constructions known as “zk-SNARKs”, where zk stands for “Zero-Knowledge Proof”. These constructions allow users to make purchases without revealing their identity. Its blockchain shows that a transaction has occurred without revealing the parties involved or the amounts in the transaction, as opposed to other cryptocurrencies like Bitcoin, which record the unique private keys associated with a user during a transaction.
It is, of course, without the founder’s reward and slow start which characterize ZCash, making it “what ZCash should have been”.

While many cryptocurrencies cropping up in the market recently have different focuses, coming up with new technology and adding more and more code into the blockchain, what makes ZClassic special, perhaps, is its birth itself. Rhett Creighton forked it from ZCash by simply removing its 22 lines of code responsible the 20% founders’ reward as well as its annoying slow start problem, and released it to the public right on day one.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) on: February 04, 2019, 10:41:04 AM
What is EOS?

The EOS coin went on sale (ICO) on  26th of June, 2017. EOS, in its white paper, is creating “a blockchain architecture that scales to millions of transactions per second, eliminate user fees, and allows for quick and easy deployment of decentralized applications.” EOS is a blockchain-based system which enables the development of commercial-scale decentralized applications, or dApps on the EOS.IO platform.

Similar to Ripple, EOS.IO  is able to compute millions of transactions per second, which is in total contrast to Ethereum's 20 TPS and Bitcoin's 3-4. The block one platform allows 50,000 transactions every second leveraging the smart contracts. EOS has raised 4 billion dollars from its year-long ICO.

EOS is a perfect enabler to help developers and engineers to build decentralized applications. Tech-savvy and finance-savvy investors are putting in a lot of emphasis on this coin because of its fantastic block one technology which is helping it grow up the ladder at a faster pace. If there’s one cryptocurrency, which is getting most of the optimistic prediction, EOS is the one. EOS can touch $15 by 2019. Business Insider predicts that EOS is going to evolve as the most formidable ICO in the Ethereum network. The EOS crowd sale and scalability makes it one of the five most significant tokens, as per the market capitalization.

 As the acceptance ratio becomes more, the value surges upward. EOS is more technologically advanced than Ethereum and Bitcoin, due to which its pace of growth is the highest compared to other cryptocurrencies. Towards the beginning of the year, it will start on a positive note, then in March, it will decrease to half of what it was at the beginning of the year. It will take an upward rise in May and June, where EOS price will reach $9.79 by the end of May 2019. In December, it will take a long plunge upwards to $15.67
4  Alternate cryptocurrencies / Altcoin Discussion / Re: NEM is struggling on: February 01, 2019, 05:48:18 PM
What is NEM(XEM)?

The first cryptocurrency after Bitcoin to have built its code from scratch, NEM is unique for many reasons. Its stability, versatile use cases and consensus system are just a few of the things that make NEM different. Here’s everything you need to know about NEM.

NEM: The Basics

NEM, short for New Economic Movement, started out to build a smarter, more technologically advanced blockchain.

It is a cryptocurrency which provides an improved platform and streamlined method to maintain a secure ledger for transactions.
Getting rid of mining and the necessity for powerful systems and expensive hardware, NEM made cryptocurrency transactions much simpler and more efficient. It also drastically reduced the energy requirement for transactions as well as the time required for a transaction.

 NEM Foundation, the non-profit organization established to develop the NEM ecosystem, running out of funds and is looking to secure additional funding from the NEM community. It aims to submit a funding proposal for $7.5 million, which translates to about 172 million NEM XEM, -2.04% tokens at current prices.

The news of the NEM Foundation’s struggles has had a negative impact on the price of XEM, which is currently the 18th largest cryptocurrency thanks to its market capitalization of $391.8 million. The token is down 8.3% in the last 24 hours, with 24-hour volume steadily increasing from $12.7 million to $18.6 million.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Cardano will replace ETH! on: February 01, 2019, 11:57:11 AM
Even though the crypto market has seen a downside towards the ending of 2018, Ethereum is going to take an upward surge in the coming year and it can touch around $1400 in 2019, because of the growth and developments planned in ETH's roadmap. Eric Wall, a cryptocurrency researcher at Cinnober, stated that blockchain projects which raised hundreds of millions of dollars in Ether in the past year dumped the digital asset on the crypto exchange market, creating a domino effect across the major exchanges worldwide.

Ethereum, introduced by Vitalik Buterin has drawn a lot of attention from the crypto enthusiasts, for securing the second position with the largest market capitalization. Ethereum, as a platform, enables dozens of cryptocurrencies to exist, without having to build their own blockchain technology. Ethereum enables developers to build smart contracts, that automatically execute tasks when certain stated conditions are met.

Ethereum has two main functions: keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform.

As per the forecast and algorithmic analysis, the price of 1 Ethereum (ETH) will be around $3844 in 2023.

So, Ethereum is certainly one of the best options which you can currently invest in. You need to, however, look at the tremendous increase in the price of Ethereum in the last months. Thus, it shouldn't come as a surprise that the price of Ethereum can reduce its value in the shorter term. However, in the longer term, you can be positive that the price of Ethereum would increase. You can convert ETH to BTC from CoinSwitch at best rates.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Is USDT Tether safe? on: February 01, 2019, 11:29:10 AM
What is Tether?

A common issue faced by cryptocurrency traders is the pace of movement of funds. See a better rate on a different exchange for your favorite cryptocurrency? It’s going to take a while before you withdraw funds from your exchange and move to another.

See your coin’s price dropping? Want to sell it for another cryptocurrency? What if that one witnesses a price drop as well? That’s where Tether (USDT) comes in.

Tether: The Basics?

Just like the name suggests, Tether is a controversial cryptocurrency that is allegedly tethered to unending trading disputes and dubious ownership. This digitized token claims to be supported by US dollars reserve, portraying a 1:1 relationship with the underlying fiat currency.

This simply means that one Tether issued by the company has an equal value as of 1 dollar. However, the company has typically not able to produce conclusive evidence of their currency reserves, which has attracted a lot of negative attention from the markets and regulators alike.

Initially named as "Realcoin", the Tether cryptocurrency enables you to facilitate the transfer of national currencies, use Tether as an alternative to other cryptos and offer a quick exchange to other cryptos. Also, it shares a complex relationship with Bitfinex, one of the largest cryptocurrency trading platform. In short, it has a history worth sharing in the world of cryptos.

What are the benefits of Tether?

According to the parent company, a Tether coin is a stable currency, where each unit of Tether is pegged to each unit of a standard currency like the US Dollar.
Moreover, as per the website, it is 100% backed ie, 1 unit of Tether ( 1 USDT) is supported by 1 USD in reserves, against which they are issued.
This tethering to the USD allows traders to quickly come in and out of their cryptocurrency holdings, which is faster than dealing with fiat currency, and especially more economical than dealing with other cryptocurrencies.
For eg., if Bitcoin were to dip, a trader could quickly sell his Bitcoin holdings for USDT, which would retain their value, only to enter Bitcoin again at lower prices.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple will Die on: February 01, 2019, 11:21:18 AM
XRP price continues to stay relatively stable amidst bloodbath in the cryptocurrency market. There have been several developments around Ripple. Distributed ledger technology is expanding all over the world and Ripple is one of the most important companies in the space. Ripple has recently signed up Euro Exim Bank, based out in London, to use Ripple's xRapid service. The CEO of  Ripple, Brad Garlinghouse, seems very enthusiastic about future developments in the financial industry as he had predicted the same that most of the financial institutions will be using xRapid for liquidity advantages. Ripple has a financial and banking network that reaches now more than 150 clients all over the world which have also increased the trust of customers in financial institutions that now can process cross-border payments in a faster, more secure and easier way.  The bulls might kick off from early 2019 for XRP as it looks stronger as compared to other cryptos at times of volatility.

Recently, Japan’s MUFG Bank announced the signing of a MoU with Banco Bradesco, a Brazil-based banking service. The MoU discussed a partnership between the two organization to create a cross-border payment corridor which would be powered by the Ripple technology. If Ripple successfully ties up with Apple as the investors are working towards and mostly expected to happen in 2019, the value of Ripple will increase significantly. This means that it becomes easier for the ripple holders to encash their holding as well. This would also certainly increase the credibility of Ripple. At the same point, any such tie-up will ensure that more investors would invest in ripple which is why it will significantly propel the price of Ripple forward. Additionally, such association will bring credibility to the entire cryptocurrency industry. It will prove to be the largest such tie-up.

A few days back, National Bank of Kuwait(NBK) has announced that it has launched a new remittance service, (known as NBK direct remit) by joining Ripple's blockchain-based payment network, which can enable instant cross-border payments. It is starting with a remittance window to Jordon, plans to be eventually followed by China, London, Paris, Egypt, UAE, Bahrain, and other countries.

Ripple is consistently adding new clients including some marquee names in the banking world like American Express, Standard Chartered, Axis Bank, Santander and MUFG which helps in tackling the problem of liquidity issues.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: I have to invest in bitcoin or ethereum. on: January 31, 2019, 08:19:03 PM

Although I do not believe in a bitcoin bubble I do believe in an eventual ‘altcoin bubble’ fueled by speculation and it will eventually pop. Recognize that and try to plan for it. Here is my plan.Bitcoin is a digital currency or a cryptocurrency while ethereum is public blockchain platform for the execution of decentralized smart contracts. However, Ethereum also has its own cryptocurrency called Ether which is definitely comparable to bitcoin.

Bitcoin (BTC) is a currency that uses cryptography. Ethereum (ETH) is a tech-platform on which developers can build blockchain Apps.

Its very difficult to tell the exact time when a coin is going to rise and what will be reason.

Cryptocurrecnies are volatile and their prices fluctuates a lot. But it’s highly unlikely that it will disappear suddenly. It’s dollar value may decrease.

Before starting to invest in any cryptocurrency read and study about cryptocurrencies. In any case, do not invest more than you are willing to lose

You can buy both coins from they are a Cryptocurrency and Altcoin exchange aggregator.

Coin switch is the first cryptocurrency and altcoin exchange aggregator. They have integrated with many leading exchanges across the globe to provide the best exchange rates to their users. Currently, we support over 275 cryptocurrencies and more than 45000 pairs to exchange
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