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    Monday, December 17, 2018

    Litecoin Vote Here for the Best of r/Litecoin 2018 Awards!

    Litecoin Vote Here for the Best of r/Litecoin 2018 Awards!


    Vote Here for the Best of r/Litecoin 2018 Awards!

    Posted: 17 Dec 2018 09:13 AM PST

    Hey Litecoin Fam! Every December, the reddit admins give moderators 'creddits' (1 month of reddit gold) to award to the best submissions/comments of the year, which are nominated and voted on by the subreddit's users.

    With 2018 now behind us, it is time for a little reflection on some of the posts/memes/questions/answers from this past year that have made the subreddit so great, and while we believe that everyone who has contributed to the subreddit, whether by asking, answering, or just reading, has played an indispensable part, we also want to recognize those users who truly went above and beyond for 2018.

    So to that end, we present to you our first ever 2018 'Best of r/litecoin' contest!'

    Here are the categories we've chosen:

    • Best Meme
    • Best Explanation of the Value Proposition of Litecoin
    • Best Technical Post/Comment
    • Best Community Moment (AMA? If Litecoin reaches...? I just convinced ____ to accept LTC!)
    • Best Highlight of 2018
    • Best New Litecoin Service (project/app/service)
    • Best Shitpost
    • Best Price Prediction (Can Be From r/litecoinmarkets)

    Please nominate by replying to the mod-distinguished comments below with a link (feel free to explain your choice), or vote on nominations by upvoting them! Winners will be those with the highest number of upvotes. You can submit posts or comments, as long as it is relevant to the category.

    Some guidelines:

    • You can nominate anyone but yourself.
    • You can only make one nomination per category.
    • Direct responses to this post will be deleted - please reply to our mod-distinguished comments instead.
    • Each category will have 1 winner.
    • Both nominator and poster will be awarded reddit gold.
    • The nominator will be awarded 1 month's worth of reddit gold.
    • The winning poster of each category will be awarded 3 months worth of reddit gold.
    • Voting ends 12/29 at 11:59pm PST.
    • Winners will be announced first week of January.

    Need some inspiration? Search through the highest voted posts of the year.

    Here's an example of how r/changemyview ran theirs for reference: Nominate/vote for CMV's 'Best of 2017' awards!

    Feel free to discuss the nominated answers as replies to their 'nomination comment', and if you have any questions or comments about the Best of Process itself, please restrict them as replies to this comment.

    submitted by /u/ecurrencyhodler
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    Beginner's Guide: Where to start & FAQ!

    Posted: 26 Aug 2018 07:07 PM PDT

    New Flair Rule

    We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

    Welcome to /r/Litecoin!

    (Re-post of u/Sparkswont cuz it was archived)

    Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

     

    What is Litecoin?

    Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.

    So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

    Still confused? Take a look at this video!

     

    Where can I buy Litecoin?

    There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

    Exchange
    Coinbase USD/Euro/GBP
    Quadrigacx CAD
    Bithump KRW
    OKCoin Euro/Yen/USD
    OKex CNY
    Btcmarkets.net AUD
    Bitso MXN
    Zebpay INR

     

    Where can I securely store Litecoin?

    Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.

    Some other options are:

    Wallet
    Electrum Lightweight Wallet
    Official Core Wallet
    LiteVault Secure Web Wallet
    Paper Wallet Instructions

     

    If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, /u/losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

     

    Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.

    Wallet
    Ledger
    Trezor
    Keepkey

     

    Where can I spend Litecoin?

    Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /r/AcceptingLTC.

    Here are also several of our favorite merchants accepting Litecoin.

     

    Where can I discuss Litecoin?

    The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:

    Platform
    Reddit
    Litecoin Markets Subreddit
    Discord
    Official Forum
    IRC

     

    Additional Resources and Help

    If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!

    submitted by /u/ecurrencyhodler
    [link] [comments]

    Story: A Coinbase user accidentally sends bitcoin to a litecoin address. Coinbase support claims it's not recoverable. Someone on Twitter helps the user recover the funds successfully.

    Posted: 17 Dec 2018 04:54 AM PST

    AtomicPay provides a RESTful API interface which enables developers to programmatically integrate Litecoin payments into their applications and games. Read docs at https://atomicpay.io/api/en

    Posted: 17 Dec 2018 10:02 AM PST

    I asked @benaskren future UFC champ why he likes Litecoin and charlie lee.

    Posted: 16 Dec 2018 08:23 PM PST

    16 months after its creation, BTCPay Server finally gets a website. Welcome to btcpayserver.org where you can learn more (it's on GitHub as well)

    Posted: 17 Dec 2018 09:34 AM PST

    How Litecoin survived all Bear markets since 2011?

    Posted: 17 Dec 2018 04:09 AM PST

    I ain't very technical sounded person and hence want to know that how litecoin survived all the bear markets since 2011. I mean it literally survived with btc.

    And which other projects you think can survive such bear markets like ltc did for many years? What you think will ltc survive and stand strong in future?

    submitted by /u/offbeatzombie245
    [link] [comments]

    Quite the Journey: Our Litecoin Gear has Officially Arrived!

    Posted: 16 Dec 2018 09:59 PM PST

    @theliteschool: I'm going to have Vilius Semenas of @CoinGatecom on my podcast to talk about adding #Litecoin #LightningNetwork payments! To celebrate my last episode of the year, I want to have a community engagement segment. What Q's do you want to ask Vilius or me about $LTC, LN, or coingate?

    Posted: 16 Dec 2018 05:22 PM PST

    Any economic benefit for someone running a casa lightning node? Thanks in advance.

    Posted: 16 Dec 2018 08:30 PM PST

    Smart Contracts: The Business Process Enablers for Blockchain

    Posted: 17 Dec 2018 04:03 AM PST

    Smart Contracts: The Business Process Enablers for Blockchain

    Smart Contracts: The Business Process Enablers for Blockchain

    With so much being spoken and written about blockchain, the technology seems to be in danger of being misinterpreted by the general audience. For them, it's no more a technology, but a one-man-band that can do anything – enable bitcoin, secure data, make a coffee and more!

    https://www.linkedin.com/pulse/smart-contracts-business-process-enablers-blockchain-antonio-grasso/

    https://i.redd.it/lrs49ef0wt421.jpg

    submitted by /u/EllenNadagma
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    Newbie here... got a few questions.

    Posted: 17 Dec 2018 02:59 AM PST

    Hi guys. As of late I was wondering whether or not I should consider diversification.

    With litecoin getting its own lightning network, I have a few questions...

    1) How is the litecoin lightning network different from the bitcoin lightning network? Is there a 100% success rate?

    2) What are some other things in the works for litecoin in the near future?

    submitted by /u/sgtslaughterTV
    [link] [comments]

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