One of the revolutionary aspects of Litecoin is its deflationary model. This means that the amount of Litecoin mined decreases over time, by 'halving' every 4 years and thus become scarcer over time. #Litecoin ⚡
The next Litecoin halving will be in 150 days.
Lite-speed! Because of Litecoin’s high processing rates, double-spending threats are significantly reduced.
As a result, merchants and dealers may complete transactions considerably faster than they could on the other networks.
Is $LTC pumping ahead of its next halving event? 👀
@Litecoin is up 28% in the past day with some attributing it to its third mining reward halving happening in 8 months.
Litecoin was added to the largest crypto merchant professor, @BitPay, *after* most of the other coins on it were.
Litecoin is now taking significant transaction market share from all of them, following Bitcoin.
There have been many tweets by smart people over the past 2 years talking about the gaping disparity between growing utility and address metrics of #Litecoin vs the manipulated market price.
I tell you again...do not be surprised anymore. Embrace reality. #LTC has real utility.
#Litecoin is the only true open source digital currency left. Everything else is over exposed, a security risk, VC backed, lost, unfairly launched, or most importantly there's one huge bag holder that could sell.
Litecoin is perfectly positioned.
Expecting a lot of "WTF, why is $LTC pumping" from all these crypto "gurus" in the coming months.
Answer: Too many people hate on it for the dumbest reasons. Its one of the most fundamentally sound crypto with 100% uptime since inception.
While the Proof of Reserves audit preparation is underway, we are sharing our cold wallet addresses for some of the top assets on our platform.
This represents only a portion of our reserves: about 53,024 BTC, 391,564 ETH, and combined with other assets for a total of ~US$ 3.0b