The average 24-hour transaction fee on litecoin was $0.01 compared to Bitcoin’s $2.17. As of 26 May, data from crypto analytics company Blockchair showed block confirmation time on litecoin’s network was about two minutes compared to Bitcoin’s 11 minutes. The 10-year old cryptocurrency network provides faster transactions at lower fees than Bitcoin. It aimed to improve on Bitcoin’s shortcomings to create a cryptocurrency that is more practical to use in everyday transactions. Litecoin launched in 2011 as “a lite version of Bitcoin”. Litecoin’s design was inspired by Bitcoin, and it shares numerous features with the leading cryptocurrency, such as the proof-of-work ( PoW) consensus, halving events and a hard cap. Litecoin is a peer-to-peer decentralised cryptocurrency that aims to be the “future of global payments”. You will also find predictions and expectations regarding the future of litecoin from experts for 2022 and beyond. Let’s dive deep into the world of litecoin and read about its latest MWEB upgrade, relevant news, price action and on-chain data. Top crypto exchanges in South Korea have signalled that litecoin could be delisted due to government restrictions. There has also been chatter in the market that litecoin’s new privacy feature will make it a target for governments and regulators who see private cryptocurrencies as facilitators of money laundering and terrorism financing.
200 ema litecoin upgrade#
While the MWEB upgrade may not have resulted in price gains due to bearish investor sentiment in the market, it does improve litecoin’s prospect as the go-to payments system when transaction confidentiality is a concern. The highly-anticipated, privacy-focused Mimblewimble Extension Blocks (MWEB) upgrade went live on 20 May, giving litecoin users the option to send and receive ‘confidential’ transactions on its network. Though its developer activity reveals the crypto payment network is maturing well in the shadow of its more popular cousin, bitcoin ( BTC). Litecoin’s ( LTC) price action has mirrored the weakness of the broader cryptocurrency market in 2022. Litecoin price prediction for 2022 and beyond.On-chain analysis: Whale concentration, total addresses and more.
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