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Author Topic: Litecoin use?  (Read 487 times)
PointHope (OP)
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August 24, 2020, 03:50:36 AM
 #1

When I first discovered crypto. BTC, LTC, DASH, stood out as practical coins.

I don't hear much about LTC nowadays.

Is there a preffered LTC wallet?

Are people using it much?
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August 24, 2020, 04:01:26 AM
 #2

I just answered some of my questions at the litecoin foundation site.

This is obviously a bit one sided info...

What is going on in the real world of LTC?

Is the foundation info pretty straight?
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August 24, 2020, 04:07:31 AM
 #3

I don't pay much attention to Litecoin but I read some posts about the team adding more privacy and anonymity features. That could turn out to be good and adds more value to the coin.

Other than being a substitute to bitcoin in sending for a lesser fee and faster confirmation, I don't really see much value in it. Other people may think otherwise of course.

For the wallet, they have plenty of option. Visit their website https://litecoin.org/ and scroll down.

If you want to stay updated about this coin's development, follow Charlie on twitter https://twitter.com/SatoshiLite or check their announcement thread https://bitcointalk.org/index.php?topic=47417.0


editing: Here are some of the recent news about Litecoin as posted by Charlie

Tons of great Litecoin news recently.
• Litecoin Visa card
• Grayscale Litecoin Trust (LTCN)
• Privacy/fungibility with Mimblewimble testnet soon
• Hashrate up 50% this year
• Transactions up 100% this year
• Total addresses up 400% since Aug 2017
• $500M sent per day
- https://twitter.com/SatoshiLite/status/1295908132737040384

You can't trust everything he says of course but other informations are verifiable on the blockchain.
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August 24, 2020, 06:48:10 AM
 #4

I just answered some of my questions at the litecoin foundation site.

This is obviously a bit one sided info...

What is going on in the real world of LTC?

Is the foundation info pretty straight?
I think that you didn't watch all of the news related to the litecoin development, right? Charlie has clearly stated that the development of litecoin will not be continued due to the company is not having enough funds to do that.
Litecoin will also stuck at this place.



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Vishnu.Reang
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August 24, 2020, 06:55:09 AM
 #5

There are a lot of e-commerce and dark market sites that still accept LTC. There are many advantages with Litecoin, such as very low transaction fees and quick confirmations. The only problem is with the storage, as online wallets such as Blockchain.info doesn't support Litecoin. So you either need to use online wallets specific for LTC, or multi-coin wallets that support Litecoin.
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August 24, 2020, 07:06:06 AM
 #6

You can try this wallet: https://electrum-ltc.org/

I don't know if you are familiar with Electrum, a lightweight BTC wallet. And then there is a version of it as LTC wallet. I think it's one of the best LTC wallet in terms of usage and just like it's big brother, it is also lightweight and you have total control of the private keys.

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August 24, 2020, 07:18:04 AM
 #7

I think that you didn't watch all of the news related to the litecoin development, right? Charlie has clearly stated that the development of litecoin will not be continued due to the company is not having enough funds to do that.
Litecoin will also stuck at this place.

Do you have a source? I checked but there were articles that Charles Lee refuted allegations that Litecoin development was abandoned; one of them was dated around a year ago

https://cryptoslate.com/charlie-lee-litecoin-development-alive-and-well/

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August 24, 2020, 07:56:15 AM
 #8

I don't hear much about LTC nowadays.
Are people using it much?
I didn't hear someone using it literally in years, can't say much on wallets.
There weren't much updates on it either, I haven't seen single article about ltc in months.
I don't know what drives ltc dev team because they're in much better position than most other alts
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August 24, 2020, 09:26:54 AM
 #9

As far as I know these coins are used a method of payment and the the usage they have is merchants accepting them.as payments. I personally have learnt to stay away from ltc.Not saying it's bad for investment , just my personal opinion.

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August 24, 2020, 09:29:40 AM
 #10

Litecoin is main coin i am always like it, i hope it will pumb as ETH!
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August 24, 2020, 10:16:19 AM
 #11

As far as I know these coins are used a method of payment and the the usage they have is merchants accepting them.as payments. I personally have learnt to stay away from ltc.Not saying it's bad for investment , just my personal opinion.

we have the same idea regarding litecoin. it is used to transfer funds between individuals or businesses without the need for an intermediary such as a bank or payment processing service. however, it not that bad to put some investment in ltc since this is for long term,those who had a Litecoin investment for the whole year still would have secured a 40 per cent return.

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August 24, 2020, 11:39:12 AM
 #12

When I first discovered crypto. BTC, LTC, DASH, stood out as practical coins.

I don't hear much about LTC nowadays.

Still alive and doing well as far as I know. They might not be as famous as other coins, but they are still here and being the guinea pig for bitcoin. Which means that before being implemented to bitcoin, Litecoin will do it first, like the block halving.

Is there a preffered LTC wallet?

There's a lot who already answer it.

Are people using it much?

Yes, as investment, store of money or simply money. Specially when fees in BTC and ETH are high, traders or gamblers switch to Livecoin.

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August 24, 2020, 11:45:52 AM
 #13

When I first discovered crypto. BTC, LTC, DASH, stood out as practical coins.

I don't hear much about LTC nowadays.

Is there a preffered LTC wallet?

Are people using it much?
As far as i know there is still a lot going on regarding development of litecoin, they are also used as a payment provider because of comparatively faster and cheaper transactions than bitcoin. Litecoin is also a good choice for miners as it is one of the most renowned and reputed pow coin to mine.

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August 24, 2020, 11:49:58 AM
 #14

Litecoin is main coin i am always like it, i hope it will pumb as ETH!
LTC was once one of the top altcoins in this market, in 2017, LTC pumped a lot and helped many people to profit. But since it became known that the creator of this project sold all of his LTC, the price has been steadily going down and not getting too much interest from investors. Now I also no longer invest in LTC, I only hold Bitcoin, ETH, BNB and LINK ... those are the top altcoins in this market.

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August 24, 2020, 11:55:22 AM
 #15

I just answered some of my questions at the litecoin foundation site.

This is obviously a bit one sided info...

What is going on in the real world of LTC?

Is the foundation info pretty straight?
If you wanna know what's going on with LTC and then i just suggest you to regularly watch the charlie lie's twitter because he was also regularly updating about the development was happening with litecoin.

I should remind you about this news too

https://www.trustnodes.com/2019/10/10/litecoin-foundation-running-out-of-money#:~:text=The%20Litecoin%20Foundation%20(LF)%20barely,about%20%24200%2C000%20on%20merchandise%20sales.

The foundation is not so active to release the latest news regarding the progress that has already achieved. it's better for you to watch it through the charlie's twitter account.

https://twitter.com/satoshilite

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August 24, 2020, 12:21:29 PM
 #16

If you want to follow the development of Litecoin then the best way to do that is to get inside their forum and their social media channels, Litecoin is still doing fine, it's doing great in the market, they are in the number seven position in the market volume is still high, and there are many exchanges that have Litecoin pair and I'm always using it to trade whenever I have problem with the top coins transaction fees, I will still see it on top of the market in the coming years.

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August 24, 2020, 12:29:58 PM
 #17

I have not heard any news from this coin a long time ago and I do not know if there is any development. I sold this coin during the last growth and probably will not invest in this project anymore


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August 24, 2020, 12:57:57 PM
 #18

I have not heard any news from this coin a long time ago and I do not know if there is any development. I sold this coin during the last growth and probably will not invest in this project anymore

I also didn't hear too much news from this project, everything seemed too quiet. Even in the last bull run, LTC has not seen any growth, it is no longer the leading altcoin in this market so I think quite a few people are investing in it right now.
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August 24, 2020, 01:45:02 PM
 #19

I myself have never found an LTC wallet until now. I also got to know Crypto for the first time, I wanted to invest in LTC because I couldn't find a wallet to store it, so until now I have never invested in LTC. moreover most of the projects on it do not use the LTC platform for payments to bounty hunters.
I will give you a little tip if you are looking for a certain wallet of an altcoins go directly to the official website by doing it you can avoid fake wallets and phishing, you can easily find a wallet on their website. @To OP ~ There is nothing special about litecoin it is just like to some other fork of bitcoin like BCH, etc. Apart from mining rewards I dont see anything that we can benefit from litecoin.

Litecoin official site: https://litecoin.org/

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August 24, 2020, 02:04:25 PM
 #20

There's a plan on starting LTC 2 soon with more privacy focus and some other development. Although Charlie Lee was having some experience by creating LTC, it has turned into great alt of BTC.
For wallet, you can try the Electrum compilation LTC wallet. That's the best in my opinion.
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