LitecoinBlog.org https://litecoinblog.org Mon, 24 Apr 2017 12:23:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.8 SegWit Litecoin almost there! https://litecoinblog.org/segwit-litecoin-almost/ https://litecoinblog.org/segwit-litecoin-almost/#respond Mon, 24 Apr 2017 12:16:06 +0000 https://litecoinblog.org/?p=838 We have reached the 75% consensus threshold that is required for activation. We are almost there. Very close for SegWit activation Litecoin in next period. It will not take much longer. Segregated Witness, often abbreviated to SegWit, is a proposed update (softfork) for the software. Litecoin price has increased to approximately $14,-. Litecoin market cap [...]

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We have reached the 75% consensus threshold that is required for activation. We are almost there. Very close for SegWit activation Litecoin in next period. It will not take much longer. Segregated Witness, often abbreviated to SegWit, is a proposed update (softfork) for the software.

segwit litecoin

Litecoin price has increased to approximately $14,-. Litecoin market cap now almost @ 700 million dollar.

litecoin segwit chart

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New Exscudo ICO (and EON coins) https://litecoinblog.org/new-exscudo-ico-eon-coins/ https://litecoinblog.org/new-exscudo-ico-eon-coins/#respond Mon, 24 Apr 2017 11:56:39 +0000 https://litecoinblog.org/?p=829 Exscudo is a totally new project in cryptospace and it aims to be the gateway between the traditional financial world and cryptocurrencies. The company develops a number of blockchain-based products. ICO starts 25th of April It will hold an ICO that starts the 25th of April 2017. Untill that time you can make a EON [...]

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Exscudo is a totally new project in cryptospace and it aims to be the gateway between the traditional financial world and cryptocurrencies. The company develops a number of blockchain-based products.

exscudo

ICO starts 25th of April

It will hold an ICO that starts the 25th of April 2017. Untill that time you can make a EON coins booking with 10% bonus. All pre-orders booked have the be bought during the first 48h of the ICO.  Read more at the Exscudo ICO website.

ICO & EON coins

EON is a proprietary, flexible and independent blockchain technology created by the Exscudo Team. The total ammount of EON wil be fixed at 240 million EON. During the ICO, that last 37 days, there will be approximately 151 million EON available. The price for 1 EON will be 0.0002 BTC. All Exscudo services are connected to the liquidity center via the company’s own blockchain EON – this measure makes them more secure and transparent than existing cryptocurrency exchanges. The EON blockchain platform enables the whole system to be transparent without disclosing bank secrecy.

ico exscudo

Financial services and products

As said, the Exscudo team has been working the last couple of years on the couple of financial products and servies which gogin to be ready in the third quarter of 2017. Examples of the Exscudo products will be: Exscudo Exchange, Exscudo Wallet, Charts, Trading terminals, Exscudo debit cards, Exscudo merchant platform and Channels protected messenger.
EON blockchain

Working together with PwC

Exscudo has already made a partnership with the law firm PwC Legal to advise it on the legal side of provision of alternative means of payment. It;s a market where crypto can win markteshare, thus the financial world is not very much into blockchain and new crypto payment methods yet. Room to grow for this new crypto company.

Meet the Exscudo team

Exscudo has released an video featuring the top managers. In the video, Alex Sitnikov (CTO), Julian Kossinov (CFO), and Andrew Zimine (CEO) explain the idea behind the new platform to the cryptocurrency community and general public. Exscudo’s products will provide innovative IT solutions and functions in a new legal field. The new financial ecosystem is being turned into a reality by relentless efforts of specialists from various competences.  The core of the Exscudo project will be its Stock Exchange, on which EON coins are traded instead of other crypto or money.

Meet the CEO

Andrew is the Owner and the CEO of Exscudo. With over 18 years of experience in IT technologies and their integration into the real sector of economy he has worked on managerial positions for more than 8 years now. He is a consulting expert on DAPPS Ethereum and consults major Russian financial market players on cryptocurrencies trading. Andrew is an expert on blockchain technologies and decentralized cryptographic data transfer networks.

Want more information?

Want to know more about Exscudo, visit the main website or the ICO website. The ICO will start at the 25th of April and the crowdsale will last for 37 days.

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Litecoin Core improvements https://litecoinblog.org/litecoin-core-improvements/ https://litecoinblog.org/litecoin-core-improvements/#respond Fri, 15 Jul 2016 09:47:48 +0000 https://litecoinblog.org/?p=823 Litecoin Core is the Litecoin reference client. Featuring ‘full node’ capabilities to fully download and validate the Litecoin blockchain as well as the wallet functionality to manage transactions. Litecoin Core is the most feature rich client out there and contains all the protocol rules required for the Litecoin network to function. This client is used [...]

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Litecoin Core is the Litecoin reference client. Featuring ‘full node’ capabilities to fully download and validate the Litecoin blockchain as well as the wallet functionality to manage transactions. Litecoin Core is the most feature rich client out there and contains all the protocol rules required for the Litecoin network to function. This client is used by mining pools, merchants, and services all over the world for its rock solid stability, feature, set, and security.
Litecoin Core v0.13.x will be a major release featuring many protocol level improvements, code optimizations, the ability to roll out several soft forks at once, and the greatly anticipated segregated witness innovation. Some of the most notable features include:
● Faster signature validation using the libsecp256k library developed by Bitcoin Core developers.
● Wallet pruning to reduce block size storage.
● Memory usage improvements including better mempool filtering of transactions.
● Inbuilt Tor control socket API support if Tor is running and also stream isolation for Tor communication.
● Functionality to reduce upload traffic.
● Segregated Witness to allow for greater transaction output and mitigation of transaction malleability.
● ZMQ support – ZeroMQ is a high performance asynchronous messaging library,aimed at use in distributed concurrent connections. Litecoin will support ZMQ for broadcasting block and transaction data.
● Hierarchical Deterministic wallets – Litecoin Core will support hierarchical deterministic wallets also known as HD wallets.
● Obfuscated blockchain data – Several antivirus applications detect the Litecoin stored blockchain data as a malware threat. Litecoin v0.13 will obfuscate the blockchain data to rid these false positives. This update will also see the inclusion of several BIPs to prepare Litecoin for upcoming innovations to do with the Lightning Network and create/use more complex smart contracts.
These include:
● BIP 9 – This BIP allows multiple soft fork changes to be deployed in parallel.
● BIP 32 – This BIP allows Litecoin Core to support hierarchical deterministic wallets.
● BIP 68 – This BIP allows relative locktime enforcement through sequence numbers.
● BIP 111 – This BIP extends BIP 37, connection Bloom filtering, by defining a service bit to allow peers to advertise that they support Bloom filters explicitly. It also bumps the protocol version to allow peers to identify old nodes which allow Bloom filtering of the connection despite lacking the new service bit.
● BIP 112 – This BIP is a proposal to redefine the semantics used in determining a time-locked transaction’s eligibility for inclusion in a block. The median of the last 11 blocks is used instead of the block’s timestamp, ensuring that it increases monotonically with each block.
● BIP 113 – This BIP describes a new opcode (CHECKSEQUENCEVERIFY) for the Litecoin scripting system. In combination with BIP 68, it allows execution pathways of a script to be restricted based on the age of the output being spent.
● BIP 130 – This BIP adds a new message, “sendheaders”, which indicates that a node prefers to receive new block announcements via a “headers” message rather than an “inv”.
● BIP 133 – This BIP adds a new message “feefilter”, which serves to instruct peers not to send “inv”s to the node for transactions with fees below the specified fee rate.
● BIP 141 – This BIP defines a new structure called a “witness” that is committed to blocks separated from the transaction Merkle tree.
● BIP 143 – This BIP contains the logic for signature verification for the version 0 witness program.
● BIP 144 – This BIP contains the logic for new messages and serialization formats for propagation of transactions and blocks committed to segregated witness structures.
● BIP 152 – This BIP adds compact block relay to reduce the bandwidth required to propagate new blocks.
The Litecoin Core developers aim to have this version released by September/October. Litecoin shares the same P2SH address format as Bitcoin (addresses beginning with a 3). This has caused some confusion for Litecoin users. We will look into introducing a unique P2SH address prefix. Source – Roadmap (PDF)

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Future of the cryptocurrency market https://litecoinblog.org/future-of-the-cryptocurrency-market/ https://litecoinblog.org/future-of-the-cryptocurrency-market/#respond Sat, 18 Jul 2015 10:04:21 +0000 https://litecoinblog.org/?p=812 Given the recent growth in the Bitcoin market and extended volatility with Litecoin, there has been renewed interest and speculation on the future of the cryptocurrency market. Over the last weeks the Bitcoin price has been rising and hit £200 per BTC over the weekend, with many speculating that the price rise is due to [...]

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Given the recent growth in the Bitcoin market and extended volatility with Litecoin, there has been renewed interest and speculation on the future of the cryptocurrency market. Over the last weeks the Bitcoin price has been rising and hit £200 per BTC over the weekend, with many speculating that the price rise is due to an influx of Greek money on the cryptocurrency market.

Despite this, Bitcoin is still in it’s infancy and as such patterns are incredibly tough to predict with the cryptocurrency. The just-announced resolution to the Greek crisis is believed to have brought about an end to the rising prices, but nobody claims to be certain that the rise in Bitcoin price is directly linked to the issues with Greece. A number of exchanges noted an increase in EUR/BTC purchases from within Greece but this could simply be down to the deals offered by exchanges to encourage such use. Some projections anticipate that the Bitcoin price could return to as much as $400 per BTC but the future of the cryptocurrency remains uncertain.

Read more: Tech City News

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Backpage Accepts Bitcoin as Visa, MasterCard Set Embargos https://litecoinblog.org/backpage-accepts-bitcoin-as-visa-mastercard-set-embargos/ https://litecoinblog.org/backpage-accepts-bitcoin-as-visa-mastercard-set-embargos/#respond Tue, 14 Jul 2015 06:00:53 +0000 https://litecoinblog.org/?p=808 Backpage says “screw off” to squeamish credit card companies Visa and MasterCard by dropping fees for adult ads and announcing that it is going to accept all digital currencies like Bitcoin, Litecoin, and Dogecoin. Some estimates say Backpage’s acceptance could open up a $100m (£64m) opportunity for Bitcoin, since it is one of the site’s only [...]

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Backpage says “screw off” to squeamish credit card companies Visa and MasterCard by dropping fees for adult ads and announcing that it is going to accept all digital currencies like Bitcoin, Litecoin, and Dogecoin. Some estimates say Backpage’s acceptance could open up a $100m (£64m) opportunity for Bitcoin, since it is one of the site’s only remaining payment options.

This decision came as Visa and MasterCard cut off their services to Backpage, citing illegal or brand-damaging activities as the reason. Therefore, users who want to post ads on Backpage must now use Bitcoin, Litecoin, or Dogecoin to pay the posting fees. The decision by the company makes it the first mainstream resource of its type to experiment with a cryptocurrency-only payment model.

Read more: Bitcoinist.net

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Litecoin pump from China https://litecoinblog.org/litecoin-pump-from-china/ https://litecoinblog.org/litecoin-pump-from-china/#respond Mon, 13 Jul 2015 11:53:48 +0000 https://litecoinblog.org/?p=799 Litecoin was on fire. It went up over 8x in one month. The whole crypto trader community is abuzz with the astonishing price movement in Litecoin. Other altcoins are benefiting as well. But why does Litecoin defy gravity and continue its ascent? As always with crypto trading: when in doubt, look to China. Some inquisitive [...]

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Litecoin was on fire. It went up over 8x in one month. The whole crypto trader community is abuzz with the astonishing price movement in Litecoin. Other altcoins are benefiting as well. But why does Litecoin defy gravity and continue its ascent? As always with crypto trading: when in doubt, look to China.

Some inquisitive traders on Bitcointalk.org posted a video link to a promoter telling investors to buy Litecoin, send to their address, and receive “mining returns”. Here is the link to a forum on 8btc.com describing the scheme. The promoter promises an income stream, if investors will send 500 Litecoin to this address.

Over $76 million worth of Litecoin has been sent to the above mentioned address. $68 million worth of Litecoin has been spent from the address. I assume that a portion of the spent output goes to investors, and a portion the promoter is cashing out.

Read more @ Bitmex

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This Is Why Bitcoin Should Learn From Litecoin https://litecoinblog.org/this-is-why-bitcoin-should-learn-from-litecoin/ https://litecoinblog.org/this-is-why-bitcoin-should-learn-from-litecoin/#respond Mon, 13 Jul 2015 07:39:22 +0000 https://litecoinblog.org/?p=796 When Charlie Lee created Litecoin, the silver reflection of Bitcoin, he had only one thing in mind and that is to improve the resiliency of the whole cryptocurrency network. He wanted to express the value of altcoin. He saw some vulnerability in the Bitcoin network but for someone who didn’t have any authority, couldn’t do [...]

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When Charlie Lee created Litecoin, the silver reflection of Bitcoin, he had only one thing in mind and that is to improve the resiliency of the whole cryptocurrency network. He wanted to express the value of altcoin. He saw some vulnerability in the Bitcoin network but for someone who didn’t have any authority, couldn’t do anything about it. So, in an attempt to show the loopholes of the Bitcoin network, Lee created his own cryptocurrency with new set of developers to take the code in a new direction.

A week ago, Lee wrote a post on Reddit in an attempt to provide a solution to the Bitcoin network’s current spam attacks. This was the same idea that Lee suggested three years ago in response to a pull request to codebase on GitHub. However, his idea was rejected by the developers at that time. He’s fully confident that his Litecoin network is immune to these types of attack. He mentioned in his post that:

“The reason why Litecoin is immune to this attack is because Litecoin was attacked in a similar fashion (though to a much smaller degree) years ago. And I noticed this flaw in Bitcoin and patched it in Litecoin.”

Read more: 99Bitcoins

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Chinese Bitcoin Exchanges: Litecoin Price Volatility Driving Bitcoin Gains, Not Chinese Stock Market https://litecoinblog.org/chinese-bitcoin-exchanges-litecoin-price-volatility-driving-bitcoin-gains-not-chinese-stock-market/ https://litecoinblog.org/chinese-bitcoin-exchanges-litecoin-price-volatility-driving-bitcoin-gains-not-chinese-stock-market/#respond Sun, 12 Jul 2015 08:12:50 +0000 https://litecoinblog.org/?p=793 Over the past several days, investors have witnessed sudden gains in volume and extreme price volatility for litecoin. In the last week litecoin has gained over 79 percent against bitcoin, 88 percent against the U.S. dollar and 90 percent against the euro and the yuan. Much of the rapid increase in volume around litecoin trading was coming from Chinese markets, which [...]

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Over the past several days, investors have witnessed sudden gains in volume and extreme price volatility for litecoin. In the last week litecoin has gained over 79 percent against bitcoin, 88 percent against the U.S. dollar and 90 percent against the euro and the yuan.

Much of the rapid increase in volume around litecoin trading was coming from Chinese markets, which is cause for concern at Huobi, a major digital currency exchange based in Beijing.

According to Arthur Hayes, the Cofounder and CTO of BitMEX, a litecoin ponzi scheme may have caused both bitcoin price and volume increases on Chinese digital currencies exchanges in the last few days.

Huobi CEO Leon Li told Bitcoin Magazine that the exchange had taken steps in the wake of the so-called “pump and dump” litecoin scheme.

Read more: Bitcoin Magazine

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LITECOIN HAS CRASHED AND LOST 35% https://litecoinblog.org/litecoin-has-crashed-and-lost-35/ https://litecoinblog.org/litecoin-has-crashed-and-lost-35/#respond Fri, 10 Jul 2015 13:47:54 +0000 https://litecoinblog.org/?p=790 Litecoin just shed nearly 40% of its value in a matter of minutes. It’s understandable, seeing as Litecoin gained more than 200% in a matter of days. “The original altcoin” is also experiencing tremendous turnover, overtaking bitcoin in 24h trading volume (USD) for a time this morning. While the currency seems to have stabilized around $6.50/LTC, volatility is still [...]

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Litecoin just shed nearly 40% of its value in a matter of minutes. It’s understandable, seeing as Litecoin gained more than 200% in a matter of days.

“The original altcoin” is also experiencing tremendous turnover, overtaking bitcoin in 24h trading volume (USD) for a time this morning.

While the currency seems to have stabilized around $6.50/LTC, volatility is still very high and it make take some time for the market correction to play out.

Read more: CCN.LA

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Bitcoin hits four-month high as Greece votes ‘no’ to eurozone bailout conditions https://litecoinblog.org/bitcoin-hits-four-month-high-as-greece-votes-no-to-eurozone-bailout-conditions/ https://litecoinblog.org/bitcoin-hits-four-month-high-as-greece-votes-no-to-eurozone-bailout-conditions/#respond Thu, 09 Jul 2015 18:53:58 +0000 https://litecoinblog.org/?p=785 The price of bitcoin rose to a four-month high on Sunday 5 July, as news broke that Greece had voted against the terms of an international bailout. Bitcoin reached a peak of $273 (£175, €247) at around 6pm GMT on Sunday, according to the Coindesk Bitcoin Price Index. It was around this time that opinion [...]

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The price of bitcoin rose to a four-month high on Sunday 5 July, as news broke that Greece had voted against the terms of an international bailout.

Bitcoin reached a peak of $273 (£175, €247) at around 6pm GMT on Sunday, according to the Coindesk Bitcoin Price Index. It was around this time that opinion polls in Greece suggested that the country had voted ‘no’ in the referendum.

About 60% of Greeks voted to reject eurozone cash-for-reform proposals, an outcome that several European leaders warned will result in the country leaving the eurozone – also referred to as Grexit.

Other cryptocurrencies also experienced significant surges in value, most notably litecoin. Often referred to as the silver to bitcoin’s gold, litecoin rose in price by 17% over the last 24 hours. This follows a month-long trend of gains, which has seen its market cap rise from $70m to $195m in the space of just 30 days.

Read more: International Business Times

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