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Like its big cousin Bitcoin casinos, Litecoin Casinos are a currency used on the internet allowing all kinds of payments to be made instantly between several computers. Operating on the basis of a peer-to-peer process, this new kind of currency is part of a decentralized international payment network without the existence of any financial authority at its command.
Litecoin Casinos are in a way the improved version of Bitcoin Casinos: the first allows even faster payments than the second, but also simultaneous transactions which are also more numerous thanks to an increased volume.
Litecoin, which response to the monetary acronym Ε, is an increasingly popular cryptocurrency that is largely inspired by Bitcoin. Like the first, you can pay in Litecoin using any mining software. Any desktop computer is able to produce it in large quantities since the Litecoin network supports four times more monetary units than the one attached to its big brother Bitcoin.
It should be noted that at the end of 2013, a Litecoin was already equivalent to nearly $ 4.65. Each Litecoin is divided into one hundred million mini-units delimited by eight decimal places. However, it should be noted that the price of Litecoin has not stopped falling since the summer of 2014. The currency is running out of steam and no longer seems to be of real interest.
The advantages of Litecoin currency are mainly aimed at those who are able to manufacture it. The owners of a miner β an overpowered computer capable of designing the said currency thanks to a complex series of algorithms -, know full well that a block of Litecoins can be generated every 2 minutes 30 instead of every 10 minutes in the case of Bitcoin.
The creators of this cryptocurrency also highlight the extensive network affiliated with Litecoin compared to that of Bitcoin. Anyone with standard GPUs can produce currency and contribute to the circulation of the approximately 84 million Litecoins currently traded on the network. Experts on the subject will notice that there is little chance that Litecoin mining by ASIC will dominate the currencyβs activity,
Indeed, for the moment, Litecoin has not yet been massively adopted by Internet users. However, some North American online casinos and poker and sports betting sites appear to offer the currency. However, it is difficult to say if Litecoin will break through like Bitcoin. Right now, itβs more likely to be the other way around: unlike most second-generation Altcoins, Bitcoin is marketing below the lot. The huge popularity of Bitcoin also makes Litecoin an eternal follower, which is not good for the future.
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