Litecoin Price Analysis: Charlie Lee Confident as LTC Melt Below $35

Latest Litecoin News For a long time now, talk has been on proof of work consensus algorithms and their modus operandi. On one hand, the transaction confirmation protocol has been around since early 1990s only getting traction from early 2000s after Bitcoin roll out. Read: Bitcoin maximalists reveal Proof of Keys failures but is it all just FUD? On the other, the system is a hallmark of decentralization but gobbles up power because of the energy demanding mathematics. As we know power is not cheap and this has been a cause of debate for the better part of Q3 and 4 of 2018. Litecoin is one of the many altcoins powered by proof of work algos but the rise of the so called “efficient and scalable” alternatives using proof of stake or even dPoS has led to questions on the long term viability of this decade old system. This is…

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