Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
As a fork of Bitcoin, Litecoin did not aim to change the fundamental logic or architecture – being nearly identical to Bitcoin in terms of use and design — but with a reduced transaction confirmation time and much lower cost (as much as 50 times lower, depending on market conditions).
Litecoin’s speed and relatively low fees make it appealing as a payment option and means of transferring value, but the network has significantly fewer miners than Bitcoin, which has negative effects in terms of overall network security.
Grayscale has received approval for its digital large cap fund to become an SEC-reporting company, it announced today. The post Grayscale’s main crypto fund becomes an SEC-reporting company appeared first on The Block.
Investment firm Grayscale has added cardano to its large cap fund, giving it a respectable weighting ahead of bitcoin cash and litecoin. The post Grayscale adds significant weighting to Cardano in its large cap fund appeared first on The Block.
It will support Bitcoin, Ethereum and other popular currencies, though it does not support the increasingly popular “joke” currency Dogecoin.
Venmo has officially launched the service to let its users buy, hold and sell crypto assets within its mobile app. The post PayPal’s Venmo now allows users to buy and sell crypto appeared first on The Block.
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