The global crypto landscape has become increasingly competitive in the past few years, with major players like Bitcoin and Ethereum emerging as global leaders in the industry. Today, a majority of consumers have an interest in investing their money specifically in digital coins. As such, there is a growing demand for altcoins that are cheap to invest in and offer high return potential. This is especially when compared with traditional investments like stocks or bonds. No matter how popular some of these public blockchain projects become, the two main long-term trends will continue to be the adoption and decentralization of decision-making authority (DDA). The term “altcoin” is usually associated with a specific type of digital currency similar in concept to Bitcoin or another virtual coin. However, these two terms have very different underpinnings.
Litecoin is a cryptocurrency that was first introduced in May 2013 as an alternative to the then-Omni-crowded Bitcoin. It is often referred to as the first digital currency, due to the fact that it was created back in December of that same year.
The wrong way to go? You’re not the only one! Seattle off against Bitcoin and other digital currencies for many years until it came along in the form of litecoin. This cryptocurrency is also known by many other names like Litecoin, Cardano, and Ethereum. If you’ve been following this blog for any length of time, then you’re probably well aware of what litecoin is, right? Well… yes and no. LTC has its own blockchain which means that it can be spent anywhere on earth. However, unlike other cryptocurrencies which are mined from birth (like Bitcoin), Litecoin was not designed with mining in mind. It does this purely to cut down on the cost and time involved with verifying transactions.
In the last 24 hours, Litecoin (LTC) has seen a big swing through the $0.26 level. This is what we’re talking about. If you look closely, you can even see some selloffs in the $0.26 range. That’s because Bitcoin price is not trading at all above this level for several days now. So much so that it is becoming almost meaningless to mention it anywhere near its current levels (which are more than $19k). Litecoin has been steadily on the rise from around $3.14 to today’s high of $6.34, which is a massive 67% increase in less than 24 hours! It is a really exciting time for those who believe in digital money and alternative currencies like litecoins (Litecoin).
Solana is a new blockchain protocol that is designed to scale to meet the needs of global-scale decentralized applications. It will be capable of processing tens of thousands of transactions per second, unlike Bitcoin and Ethereum which can only process 7 and 15 transactions per second respectively.
The Solana blockchain is a Proof-of-Work (PoW) consensus protocol that uses an innovative “channels” architecture, which allows for parallel transaction validation. This means that the more nodes in the network, the faster the network will be able to process transactions.
The Solana platform is built on three key components:
- An innovative consensus algorithm, which provides an efficient and fair way to produce blocks in the blockchain network
- A state channel technology, which enables transactions to occur off the blockchain while still being secured by it
- An open-source hardware device, which enables users to make transactions without having access to an internet connection or possessing any technical knowledge of how blockchains work
Solana provides the infrastructure for building dApps with the scalability and performance required for mass adoption. The price of Solana (SOL) has been steadily increasing over the past months and it might be because of their recent partnerships with Microsoft and Intel. The company also announced that they are partnering with IBM to offer new cloud services.
Solana and Litecoin are the top-performing altcoins in November 2022. This is the right time to invest in the market-leading cryptocurrencies via the Koinbazar, a Global exchange platform. Get 25K Shiba Inu (SHIB) as a welcome reward for users who sign-up and log in to the Koinbazar Android/iOS App.