Litecoin Hitting New All Time Highs Up 1700% YTD, First Lighting Network Payment Happens 0

Litecoin The Big Winner This Week

The cryptocurrency market cap keeps reaching new all time highs and many coins are rising up right along with Bitcoin. Litecoin has been the big winner this week moving from the 50 dollar range to new all time highs reaching $88.67 USD per Litecoin at the time of writing this article.

GDAX has also mentioned that they have had all time high trading volume for Litecoin today so the price rise is not without volume.

litecoin chart september 1st 2017
litecoin chart september 1st 2017

Forbes also reported today that Litecoin has seen price increases of 1700% since the start of the year.

The First “0 Transaction Fee” transfer, over the Litecoin Lightning Network happened on September 1st. 

Lighting network is progressing and Charlie Lee has received the fist transaction today.

What is the Lightning Network?

Transactions for the Future

Instant Payments. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart-contracts without creating a on-blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.

Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.

Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.

Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians.

Great Week For Litecoin Investors

To sum things up, with record high volume coming into Litecoin, the lightning network going live and the fact that it is one of the more well established cryptocurrencies and usually a trading pair with other alt coins on most exchanges tells me this still has more room to grow in the future.

Personally, I like Litecoin for transacting, always fast and the fees are great. Good cryptocurrency to move in and out of exchanges with.

Previous ArticleNext Article
Crypto 314 is the owner editor, and administrator of Crypto314.com. We write about all things cryptocurrency and blockchain.

Bitcoin Time Traveler Predictions Update – Bitcoin Hits 10K, North Korea Teaching Bitcoin In University and Swiss Bunker 0

An update to the Bitcoin Time Traveller video I made. Kinda creepy how accurate that 4 year old reddit post was.
Bitcoin reaches $10,000 in 2017 just like the August 31, 2013 post had suggested it would.
North Korean University teaches Bitcoin having experts worried.
And Former Swiss military bunker could be the first citadel?

 

Bitcoin Time Traveller Story: https://blockberg.io/bitcoin-time-traveller-predicts-bleak-future-brought-on-by-bitcoin/
Video: https://www.youtube.com/watch?v=l07A_14EtuM
NK story: https://news.vice.com/story/north-koreas-bitcoin-crash-course-has-experts-worried
Swiss bunker: https://www.weforum.org/agenda/2017/10/this-bunker-in-the-swiss-mountains-is-keeping-bitcoin-safe

Bitcoin To The Future – /r/bitcoin Time Traveler From 4 Years Ago 0

Time travel theory from a 4 year old reddit post on /r/Bitcoin talking about the great wealth transfer from Bitcoin and the doomsday fallout from it.

Bitcoin News – Futures Launch Dec 11, Russia Will Not Legalize Bitcoin, Confido Scam & More. 0

Bitcoin futures to start trading Monday December 11th, Russia will not legalize bitcoin, Mt Gox ICO, Android security issues, Confido exit scam and more!

Bitcoin News – Square To Use Bitcoin, CME Group & More 0

Taking a look at some of the things going on in the bitcoin and blockchain space over the past week. Bitcoin & Square, CME group to launch futures by December? and much more!

Bitcoin News – All Time High of $7600, CME Futures & More 0

Bitcoin reaches a new all time high(again), CME launching Bitcoin Futures, Coinbase adds 100K new customers in a day, some inspiration to hold on for dear life, and more.

The Kucoin Exchange – This Crypto Currency Exchange Pays Dividends in $BTC, $ETH, $NEO and Others 0

Taking a look at Kucoin a cryptocurrency exchange and token that shares revenue with it’s users. Not even listed on Coinmarketcap yet, this one is kind of under the radar but I think it has massive potential

 

Sign up For Kucoin: https://crypto314.com/kucoin