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Litecoin

For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.
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Worldcoin: Think Outside The Banks

Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick and Mortar Businesses which require the fastest speed possible."
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WDC Association

Worldcoin is a digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and friendly to Brick & Mortar Businesses which require the fastest speed possible."
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Beginner's Guide: Where to start & FAQ!

New Flair Rule

We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

Scam Warning

Hey guys. There have been numerous scammers lately who have been private messaging redditors. Their goal is for you to send Litecoins to their address. So far, they've followed the same writing template. It looks something like this: https://imgur.com/0UZczuz
If someone is telling you to send to a Litecoin address they are providing, DON'T. They're trying to steal your Litecoins. If you're not sure, read the wealth of knowledge below or comment below and I will eventually get to you.

Welcome to /Litecoin!

(Re-post of u/Sparkswont cuz it was archived)
Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
 

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.
So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Still confused? Take a look at this video!
 

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Exchange
Coinbase USD/Euro/GBP
Quadrigacx CAD
Coinsquare CAD
Bithump KRW
OKCoin Euro/Yen/USD
OKex CNY
Btcmarkets.net AUD
Bitso MXN
Zebpay INR
 

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.
Some other options are:
Wallet
Electrum Lightweight Wallet
Official Core Wallet
LiteVault Secure Web Wallet
Paper Wallet Instructions
 
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
 
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Wallet
Ledger
Trezor
Keepkey
 

Where can I spend Litecoin?

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC.
Here are also several of our favorite merchants accepting Litecoin.
 

Where can I discuss Litecoin?

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
Platform
Reddit
Litecoin Markets Subreddit
Discord
Official Forum
IRC
 

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
submitted by ecurrencyhodler to litecoin [link] [comments]

Beginner's Guide: Where to start & FAQ!

New Flair Rule

We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

Welcome to /Litecoin!

(Re-post of u/Sparkswont cuz it was archived)
Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
 

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.
So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Still confused? Take a look at this video!
 

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Exchange
Coinbase USD/Euro/GBP
Bithump KRW
OKCoin Euro/Yen/USD
OKex CNY
Btcmarkets.net AUD
Bitso MXN
Zebpay INR
 

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.
Some other options are:
Wallet
Electrum Lightweight Wallet
Official Core Wallet
LiteVault Secure Web Wallet
Paper Wallet Instructions
 
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
 
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Wallet
Ledger
Trezor
Keepkey
 

Where can I spend Litecoin?

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC.
Here are also several of our favorite merchants accepting Litecoin.
 

Where can I discuss Litecoin?

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
Platform
Reddit
Litecoin Markets Subreddit
Discord
Official Forum
IRC
 

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
submitted by ecurrencyhodler to litecoin [link] [comments]

Beginner's Guide: Where to start & FAQ!

Subreddit Flair Rule

we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

Welcome to /Litecoin!

(Re-post of u/Sparkswont cuz it was archived)
Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.
So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
Still confused? Take a look at this video!

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Exchange
Coinbase USD/Euro/GBP
Bithump KRW
OKCoin Euro/Yen/USD
OKex CNY
Btcmarkets.net AUD
Bitso MXN
Zebpay INR

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.
Some other options are:
Wallet
Electrum Lightweight Wallet
Official Core Wallet
LiteVault Secure Web Wallet
Paper Wallet Instructions

If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Wallet
Ledger
Trezor
Keepkey

Where can I spend Litecoin?

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC.
Here are also several of our favorite merchants accepting Litecoin.

Where can I discuss Litecoin?

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
Platform
Reddit
Litecoin Markets Subreddit
Discord
Official Forum
IRC

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
submitted by ecurrencyhodler to litecoin [link] [comments]

CFP Bitcoin Scalability Workshop (Sept 12-13), Montreal Canada | Pindar Wong | Aug 11 2015

Pindar Wong on Aug 11 2015:
Bitcoin Scalability Workshops
In recent months the Bitcoin development community has faced difficult
discussions of how to safely improve the scalability and decentralized
nature of the Bitcoin network. To aid the technical consensus building
process we are organizing a pair of workshops to collect technical
criteria, present proposals and evaluate technical materials and data with
academic discipline and analysis that fully considers the complex tradeoffs
between decentralization, utility, security and operational realities. This
may be considered as similar in intent and process to the NIST-SHA3 design
process where performance and security were in a tradeoff for a security
critical application.
Since Bitcoin is a P2P currency with many stakeholders, it is important to
collect requirements as broadly as possible, and through the process
enhance everyone’s understanding of the technical properties of Bitcoin to
help foster an inclusive, transparent, and informed process.
Those with technical interest are invited to participate in this pair of
workshops with the following intent:
Phase 1: Scene setting, evaluation criteria, and tradeoff analysis.
Montreal, Canada: September 12th-13th, 2015
Scalability is not a single parameter; there are many opportunities to make
the Bitcoin protocol more efficient and better able to service the needs of
its growing userbase. Each approach to further scaling the Bitcoin
blockchain involves implicit trade offs of desired properties of the whole
system. As a community we need to raise awareness of the complex and subtle
issues involved, facilitate deeper research and testing of existing
proposals, and motivate future work in this area.
The purpose of this workshop is to discuss the general tradeoffs and
requirements of any proposal to scale Bitcoin beyond its present limits.
Session topics are to include the presentation of experimental data
relating to known bottlenecks of Bitcoin’s continued growth and analysis of
implicit tradeoffs involved in general strategies for enabling future
growth.
This event will not host sessions on the topic of any specific proposals
involving changes to the Bitcoin protocol. Such proposals would be the
topic of a 2nd, follow-on Phase 2 workshop described below; this event is
intended to “set the stage” for work on and evaluation of specific
proposals in the time between the workshops.
Phase 2 will be planned out further as part of Phase 1 with input from the
participants.
Phase 2: Presentation and review of technical proposals, with simulation,
benchmark results.
Hong Kong, SAR, China: TBD Nov/Dec 2015
Hopefully to be easier for the Chinese miners to attend, the second
workshop pertaining to actual block size proposals is to be planned for
Hong Kong roughly in the late November to December timeframe.
The purpose of this workshop is to present and review actual proposals for
scaling Bitcoin against the requirements gathered in Phase 1. Multiple
competing proposals will be presented, with experimental data, and compared
against each other. The goal is to raise awareness of scalability issues
and build a pathway toward consensus for increasing Bitcoin’s transaction
processing capacity or, barring that, identify key areas of further
required research and next steps for moving forward.
Preliminarily, Phase 2 will be a time to share results from experiments
performed as a result of Phase 1 and an opportunity to discuss new
developments.
How do the Workshops work?
-
Both events will be live-streamed with remote participation facilitated
via IRC for parallel online discussion and passing questions to the event.
-
These workshops aim to facilitate the existing Bitcoin Improvement
Proposals (BIP)[1] process. Most work will be done outside of the workshops
in the intervening months. The workshops serve to be additive to the design
and review process by raising awareness of diverse points of view, studies,
simulations, and proposals.
-
Travel, venue details, and accommodation recommendation are available at
scalingbitcoin.org. Registration begins August 12th at an early-bird
ticket price of $150 USD until September 3rd. The ticket prices do not come
close to covering the venue expense and travel subsidies, hence the need
for corporate sponsors.
-
Please see the FAQ at scalingbitcoin.org which should answer most other
questions.
Travel Subsidies for Independent/Academic Researchers
There will be an application process for independent or academic
researchers to apply for travel assistance to help cover the expense of
airfare and hotel fees up to $1,000 per qualified presenter who intends to
give a presentation. The four underwriters of this event have agreed to
jointly review applications and cover the travel subsidies for qualified
presenters. See scalingbitcoin.org for details.
Sponsors of the Montreal Workshop
The first workshop is hosted and with logistics handled by the Montreal
consultancy CryptoMechanics <http://cryptomechanics.com>.
The Underwriters jointly responsible for venue expenses and researcher
travel subsidies are currently the MIT Digital Currency Initiative,
Chaincode Labs, Blockstream, and Chain.com.
Current sponsors include: Cryptsy, BitcoinTalk, Final Hash, Blockstream,
MIT DCI, Chaincode Labs, IDEO Futures, Kraken, and Chain.com.
Additional sponsors are needed. Please see scalingbitcoin.org for
sponsorship details or contact me directly via < pindar dot wong at
gmail.com >
Online Workshop Resources
-
Bitcoin-Workshops-Announce list
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-workshops-announce
-
Bitcoin-Workshops discussion list
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-workshops
-
#bitcoin-workshops chat on the Freenode IRC network
http://webchat.freenode.net/?channels=bitcoin-workshops
Call for Proposals/Papers/Presentations
If you have any research relevant to issues surrounding Bitcoin
scalability, your proposal for a presentation at the Montreal workshop
would be most welcome. Please see scalingbitcoin.org for submission
details.
Pindar Wong
Chair, Montreal Workshop Planning Committee
Chairman, VeriFi (Hong Kong) Ltd.
[1] https://en.bitcoin.it/wiki/Bitcoin_Improvement_Proposals
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submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

There are lots of nice communities on IRC with rooms for discussing various topics and people giving free support for problems

You can access the Freenode IRC channel through your web browser here: http://webchat.freenode.net/
Channels begin with # and you can specify multiple ones using a , between them. i.e #bitcoin, #electrum, #coinbase
submitted by genjix to Bitcoin [link] [comments]

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Tutorial - Building Bitcoin Websites - Create a BTC/USD Converter 1 of 2

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