When will the Leyte be divided

Litecoin (LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world< better use of digital currency trading platform coin exchange

data expansion:

lightcoin is inspired by bitcoin (BTC), and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol, and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places

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The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items[ 1-2]

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that the relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and take action as soon as possible to completely ban the electronic currency[ 3]

from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees[ 4]

3 million users, and still growing

a recent report released by Cambridge innovation financial center shows that people have a broader understanding of cryptocurrency than they think. It is estimated that more than 3 million people are actively mining, accumulating and storing cryptocurrency. This is quite different from the previous estimate, which was estimated to be about 1 million people at that time

to reach this conclusion, the data analyzed by Cambridge innovation financial center come from hundreds of Companies in 38 countries, covering about 75% of cryptocurrency

the scale of this study highlights the unprecedented growth of cryptocurrency. Bitcoin began in 2009 and has enjoyed a complete dominant position in the market for quite a long time. But recently, e to the entry of other cryptocurrencies, its market share has dropped to 72%

although there is a trend in the instry, it is a good thing because it will become the key to the long-term survival of bitcoin. As more and more companies see bitcoin as a way of payment, attitudes around the currency itself will change. People don't regard it as a kind of investment similar to stocks, but as a real currency

for non-profit organizations, the increasing acceptance of the commercial market is also a positive sign, they are more inclined to accept bitcoin donations. Although this situation only started in 2014, many non-profit organizations now think that bitcoin is superior to cash and is an additional source of income

perhaps the most surprising thing is that cryptocurrency income does not need to be taxed, as the IRS lists bitcoin as a tax asset. So in the non-profit world, bitcoin is a non cash gift with no value attached

the future of cryptocurrency

as the growth of cryptocurrency users, the system must be changed to adapt to this situation. The subject of radical reform in 2017 is the right to privacy

at present, as long as there is correct information, it is easy to connect the bitcoin address with its owner, which opens up a possible way for private information disclosure

we have also seen a large number of courses focusing on cryptocurrency. A course developed by Ohio University even began to accept bitcoin to pay tuition fees