The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.com Proof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012 and intended to solve the problem of Bitcoin mining’s high energy consumption. At that time, it cost an average of $150,000 a day to maintain the Bitcoin network. Today, this figure is at a staggering $6.7 million (if we assume a $0.12/watt cost and multiply that with the estimated 56,209,833 KWh of electricity that the Bitcoin network consumed on Oct. 13, 2017). Rather than relying …

Litecoin Litecoin almost returned at the weekend’s level of $3.00, made a start from this level and now keeps growing to $3.20. Descent from the level of $3.20 could be fast or painfully slow — everything depends on the behavior of the “elder brother" Bitcoin. Only sudden growth of Bitcoin can bring Litecoin to the levels of $ $3.50, 3.80 and above. If Bitcoin continues to fall, this week we will see a Litecoin price below $3.00. The exchange rate of LTC:BTC can't overcome the resistance level of 0.008. It speaks about the weakness of Litecoin and the possibility of …

Litecoin Litecoin continues its tortures around $3.50, and can’t decide which direction to move in next. LTC:BTC tested the level of 0.008 and now tries to jump from this level. While Bitcoin decreases, Litecoin is counterbalancing at around $3.50. DASH A one days growth of the DASH price by 20% came as a surprise, especially after yesterday's growth of more than for 12%. Having jumped from 0.0067 to 0.0087, DASH remains in first place when measured by trading volume, having left ETH far behind. It means that DASH has excellent prospects in the coming year. As a result, the chart …

Litecoin Litecoin continues its painfully slow slide down. The recent top was reached at the level of $3.53, and a local bottom at $3.42. There are almost no fluctuations of the price which means that Litecoin is facing a lack of interest from traders. At the same time, the exchange rate of LTC to BTC overcame the level of 0.008. However, no steady growth is present. On the contrary — the price tested the level of 0.0083, then moved to the top of 0.0082, and now moves lower. It seems that there is a high probability of a continuation of …

Litecoin Litecoin price continues to fluctuate in the area of $3.40 - $3.50, and decreasing very slowly. After all this is a decrease, rather than a hitch in growth. The LTC:BTC pair has already reached 0.0076-0.0079. Miners don't have trust in Litecoin, and are getting rid of the cryptocurrency. Only a new round of growth in Bitcoin could lift Litecoin above today's indicators of the price. DASH DASH feverishly moves between the strong level of local bottom 0.0056 and one more strong level of 0.0059-0.006. It gives traders possibilities of earnings on short transactions. Buy orders at the levels of …

Litecoin Litecoin painfully and slowly tracks the Bitcoin correction. There was a strong reduction of the Litecoin price to $3.40 - $3.50; the exchange rate of 0.008 was not maintained, and Litecoin promptly slid to 0.0077 and lower. When will this movement stop? At the level of 0.0075 or maybe at the historical level of 0.006? DASH The DASH price seeks to break free of its local bottom, which became even lower recently at 0.00558. Buy orders below this level are interesting; a long-term reduction of the price to a bottom of 0.0056 will provide an opportunity to interrupt this …

Litecoin Since the beginning of the week, Litecoin’s price stood in a corridor of $3.50 - $3.80, having created a triangle on the chart. Next week the exit from this triangle is inevitable, and the direction of an exit depends only on the direction of Bitcoin’s price. However, this week Litecoin had another important event: as the Litecoin vs. Bitcoin exchange rate reached a local bottom of 0.008, having stopped its continuous falling at this level. DASH DASH began last week pretty well, having jumped sharply from 0.06 to 0.07 on Monday. But then gradually went down to a local …

Litecoin Today all cryptocurrencies use all their forces to hold on the levels they have already reached. Litecoin grows slowly, and tries to reach the upper bound of a corridor of $3.50 - $3.80 as Bitcoin exceeded its level of $450. The Litecoin vs. Bitcoin exchange rate of 0.008 confirmed its reputation of being a good resistance, and now Litecoin is on 0.0081 with a tendency to decrease. DASH DASH holds on to the level of 0.0056. And the longer it is on this level, the sharper its move will be afterwards. Dogecoin Dogecoin gradually moves under the level of …

Litecoin Litecoin is still standing between two price levels of $3.50 and 3.80, somewhere near $3.60. It seems that situation would only change when the Bitcoin price moves away from $450. DASH DASH bottomed out at a price of 0.056, having lost about 6% in a day. If the Bitcoin price moves up, DASH would probably move to another bottom, but Bitcoin price corrections will give DASH a chance to make a new start from this level. Dogecoin Dogecoin resists the inevitable, holding its price at the level of 30 Satoshi. Last night the price even fell down to 28 …

Litecoin Do altcoin cryptocurrencies await the performance of Bitcoin? Will Bitcoin fall from the $450 ceiling or push on to levels of $500 and more? Litecoin once again stood at $3.80, and is expected to roughly track Bitcoin’s rise and fall. Previously LTC:BTC had fallen to 0.079, having jumped sharply from 0.084. Now LTC:BTC is at 0.082 and continues to trend down. DASH DASH loses 7% a day against the growth of the Bitcoin price, and goes under the level of 0.06. Bitcoin price growth continuation will lead DASH to fall to a level of 0.05 exchange rate and below, …

Litecoin Litecoin is clamped firmly between the prices $3.20 and $3.50, and can’t cross any of the two levels. This in turn is leaving traders frustrated as it’s far from ideal.. The two major forces affecting the Litecoin’s price fluctuation: the growth of Bitcoin price from $350 to $360, and the falling of LTC/BTC pair exchange rate from 0.095 to 0.092 in a single day. These forces are interconnected as because of the growth of Bitcoin’s price Litecoin miners are trying to get rid of the cryptocurrency in exchange for the growing Bitcoin. Thus, miners get more profits in fiat …

A little more than a week after release of NeuCoin's technical whitepaper, an intense debate been sparked between the proponents of the two main crypto technologies, proof-of-work (PoW) and proof-of-stake (PoS). Online forums including Bitcointalk, Peercointalk and Reddit, as well as NeuCoin’s own forum, have been playing host to the exchanges, which have drawn in not only lay community members but several of its household names. On Reddit, Bitcoin core developer Jeff Garzik began by fiercely defending Bitcoin from PoS supporters’ allegations that PoW is becoming centralized. “Bitcoin has many existing stakeholders. If large mining pools misbehave, the network and …