As one true OG Litecoin enthusiast, I wanted to test the site, or better, the NFT marketplace Liteverse.io since its launch in 2022. At first, I claimed Litecoin Summit collectors NFT. But, for several reasons, the test of minting my first NFT got a bit delayed. But now I finally have the time and the need to make use of it for a larger cause. I am sad I procrastinated a little. As it would have been a great honor to be the first one to give it a try, but given my lack of technical skills to use just code to mint outside of a marketplace, waiting was a great idea since the site is super user-friendly and it's quality has improved considerably. I would say Liteverse.io is ready for the mainstream. Minting on it or acquiring an NFT on the Litecoin network is now a Piece of cake! In this article I will describe my experience, the reason why my first series of NFTs was created, and most importantly the advantages and disadvantages of creating an nft (Non-fungible Token) or an nft
The Lightning Network simplified. What I learned from guest speaker Ecurrencyhodler.
It was truly a pleasure to be part of the first Litecoin (LTC) meet-up in Orange County. The event organized by the Litecoin team of west coast volunteers showcased a fantastic presentation by guest speaker, Andrew Yang also known as @Ecurrencyhodler in the crypto community. Author of the book “Understanding Litecoin” and COO of BlockFuse, Andrew focused his presentation on the Lightning Network Technology. He explained several points on how the Lightning Network can help solve the scalability problem of both Bitcoin and Litecoin. A special thank you to my husband for lending us his work space, Travertine Market, as a location for the meeting and allowing us to make this event Free for everyone.
The Lightning Network is a very promising and exciting technology for both the Bitcoin and Litecoin community. In this article I will point out the reasons why. At the same time the Lightning Network has also been criticized by the Bitcoin Cash community. Let me address this now.
The Bitcoin Cash community, last year opted to split from the original Bitcoin blockchain and adopted a block increase and a new coin named Bitcoin Cash. They stated that block increase solved the scalability problem, and it does temporarily, however this solution proves to be unsustainable. In his presentation Andrew points out that over time, a block increase can lead to a large blockchain size, which will make it unprofitable for a regular person to run a node on their computer. Consequently, jeopardizing the main roots of decentralization.
On the other hand, The Lightning Network just came out with a very smart solution for this problem, and one that does not need to change the core values that were set by Satoshi Nakamoto. It is a solution that runs in parallel aiding the network and enabling faster and more intricate types of payments. Payments thru the Lightning Network are run outside of the blockchain. A short-cut that saves us from waiting on 6 confirmations ( on average 15 mins for Litecoin and 1 hour for Bitcoin). And is enabled thru the use of channels.
What is the change ramifications that this technology can bring?
The implementation of the Lightning Network can and will bring two significant advantages. Faster processing as mentioned above and the prevention of network clogging.
With Lightning network the possibilities for Bitcoin and Litecoin use expands. One of them is of point of sale terminals. It is possible to complete a purchase without waiting for confirmation while still making the transaction secure. But how if the 6 confirmations haven’t been completed? Well thru a channel that is open, which in a sense escrows the funds for s short period of time, until the transaction is finalized. In addition, after waiting on the recommended 6 confirmations many merchants rely onto have reasonably high assurance of payment finality for on-chain transactions.
Unclogging of the Network is also a huge benefit brought by the Lightening Network technology. With the lightning network one can now send multiple payments in one transaction, eliminating fees incurred in each transaction and simplifying payment processing.
Many other advantages have been highlighted as well, as the protocol facilitates accounting processes and enables a creation of accounts and payment relationships that can be maintained over time. Well through an open payment channel that enables transactions off-chain and only settles on the blockchain once the channel is closed.
Truly fantastic applications that will certainly be build using this incredible resource. If you would like to know all the technical aspects of the Lightning Newtwork make sure to listen to E-currencyholder podcast of this event, coming out Wednesday Nov 14th. It was truly enlightening.
I am also posting below a video of Elizabeth Stark, (CEO of Lightning Labs and Lead Developer) of this project that I recorded during the Litecoin Summit. It is the day she announced the completion of this wonderful project that truly has the power to take this whole “Crypto Thing” to a new level. Watch part of her speech and feel her excitement!
As one true OG Litecoin enthusiast, I wanted to test the site, or better, the NFT marketplace Liteverse.io since its launch in 2022. At first, I claimed Litecoin Summit collectors NFT. But, for several reasons, the test of minting my first NFT got a bit delayed. But now I finally have the time and the need to make use of it for a larger cause. I am sad I procrastinated a little. As it would have been a great honor to be the first one to give it a try, but given my lack of technical skills to use just code to mint outside of a marketplace, waiting was a great idea since the site is super user-friendly and it's quality has improved considerably. I would say Liteverse.io is ready for the mainstream. Minting on it or acquiring an NFT on the Litecoin network is now a Piece of cake! In this article I will describe my experience, the reason why my first series of NFTs was created, and most importantly the advantages and disadvantages of creating an nft (Non-fungible Token) or an nft
The options below are the products and services I use. These are platforms, apps, dapps, and softwares available in the marketplace today, that allow anyone to earn cryptocurrencies and CASH without any financial investment. FREE platforms and services that are easy, simple, and fairly safe to use, and earn. Some you probably have installed on your phone already/ Besides, the tokens and cash rewarded by these platforms can be withdrawn and/or exchanged for other cryptocurrencies, fiat money, or products. Most are also transferrable to a wallet. They are great tools to help you offset inflation. My mission is to create a passive crypto income stream with these unique applications. And I am on the course to doing just that at a steady pace. In the process, I enjoy sharing what I learn. And sharing what I learn became part of the process I guess. No matter what I enjoy the journey and have been earning Crypto Using these methods below. But despite me using these, before trying them out,
O padrinho das cripto moedas David Chaum busca brasileiros para operar e manter nós de sua nova plataforma Elixxir. A solicitação para executar o lançamento de um "node" nó BetaNet da plataforma Elixxir de David Chaum está aberta até sexta-feira à noite, às 23h59 (horário padrão do Pacífico). A plataforma está buscando ativamente operadores de nó brasileiros para o teste BetaNet. Chaum e a equipe principal da Elixxir vêm apresentando a plataforma na Paris blockchain Week esta semana. Onde ficou claro que o Brasil é um componente crítico para ajudar a lançar um teste globalmente distribuído da rede BetaNet. O lançamento segue um processo de seleção em seis etapas. Inspirado pela padronização inicial da IETF na Internet e é orientado pelo feedback e pela seleção da comunidade. Os aplicativos estão disponíveis em português através dessa link: https://www.surveymonkey.com/r/MYQDZX6?lang=pt Chaum tem sido pioneiro em criptografia desde o final dos anos 1970. Quand
What a fabulous week for crypto! Bitcoin went up from 16K to 21 K, and several alt-coins either started the race or followed suit. While this increase is an indication that the market is not dead. It is too soon to confirm that the bull market has returned. However, a clear indication that the market has consolidated, and volume is bound to come back. As of now, it is pivotal to stay connected with the news and understand what type of headlines can affect the market. Bankrupting exchanges, large hacks, and hikes in US Federal Reserve interest rates are among some factors that have a direct effect on how the markets behave. The shake of 2022 was real. It crashed several institutional players and with it emptying the hands of millions of retail investors. The investors that do come back will eventually "come back" more educated about self-custody and decentralized finance. Trust is built, but a greedy market comes in waves and they do not always coincide. When the market drai
My opinions are simply my opinions and not investment advice. I strongly recommend everyone investing or looking to earn or acquire cryptocurrencies to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content and referral affiliate links. Which means that when you click on some links and sign up for a product or service I may receive I small commission or credit for the referral. Most the the links also will give you an invite incentive that most often you would not receive if you do not use a referral invite link.
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