An Ambitious Litecoin Believer An Exclusive CoinNess Interview With Wang Xinxi
Litecoin (LTC) hit a fresh high of 143.19 USDT on Binance on June 12, reaching its highest level since May 21, 2018. The price has seen an approximately fivefold increase since the beginning of this year.
The rising price has pushed the coin to fourth place among the top 100 cryptocurrencies, with a market value of more than $8.5 billion, followed by BCH and EOS.
Considering the recent performance of LTC, its scheduled August halving may stir waves in the crypto world.
In an exclusive interview with CoinNess, Litecoin Foundation board member and core developer Wang Xinxi sheds light on probable price and hashrate changes of LTC as well as the current situation of the Litecoin Foundation, which was co-founded by Wang and Charlie Lee in 2017. Background Story Wang was doing a Ph.D.
program when he first learned about Bitcoin.
It was only until 2011 that he began investing in the then-novel digital asset, diving into the crypto world.
Two years later, Litecoin drew his attention with a faster speed and lower cost of transfer.
LTC, together with BTC, constituted Wang’s early investment portfolio, the majority of which remains unsold.
Wang made his decision to join the Litecoin community in 2016 while he could have become a Bitcoin developer.
“I think the Litecoin community was more focused on meaningful things, and that’s what I want to do.
The Bitcoin community, on the other hand, always found itself drown in political struggles and conflict of interest.
People have already been tired of the tricks of Wu Jihan and Craig Steven Wright, not to mention the BCH and BSV drama,” Wang explained.
Compared with Bitcoin, the Litecoin team was fairly small, but Wang believed the latter had a more promising future, making him more willing to contribute.
Road to Success Litecoin is considered the silver to Bitcoin’s gold.
To some, however, this popular and impressive slogan was the only reason for the coin’s success.
But was it? “Charlie Lee defined Litecoin as a daily payment tool as it has a faster speed of transfer yet costs less.
Bitcoin, with its security and stability, is more suitable to be a store of value.
Instead of competing with each other, this means the two coins will develop in a complementary fashion based on their own sphere of competence,” according to Wang.
The lack of innovation is a prevalent gripe of Litecoin.
Its core code was forked from Bitcoin except for adjustments to partial parameters and the adoption of Scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory.
This, in turn, brings Litecoin undebatable value as a test net of Bitcoin.
Read the full topic at
https://dailyhodl.com/2019/06/22/an-ambitious-litecoin-believer-an-exclusive-coinness-interview-with-wang-xinxi/
Follow me on
Linkedin: https://www.linkedin.com/in/crypto-expert20
IF you be an admin for your telegram group you can order from the link
The rising price has pushed the coin to fourth place among the top 100 cryptocurrencies, with a market value of more than $8.5 billion, followed by BCH and EOS.
Considering the recent performance of LTC, its scheduled August halving may stir waves in the crypto world.
In an exclusive interview with CoinNess, Litecoin Foundation board member and core developer Wang Xinxi sheds light on probable price and hashrate changes of LTC as well as the current situation of the Litecoin Foundation, which was co-founded by Wang and Charlie Lee in 2017. Background Story Wang was doing a Ph.D.
program when he first learned about Bitcoin.
It was only until 2011 that he began investing in the then-novel digital asset, diving into the crypto world.
Two years later, Litecoin drew his attention with a faster speed and lower cost of transfer.
LTC, together with BTC, constituted Wang’s early investment portfolio, the majority of which remains unsold.
Wang made his decision to join the Litecoin community in 2016 while he could have become a Bitcoin developer.
“I think the Litecoin community was more focused on meaningful things, and that’s what I want to do.
The Bitcoin community, on the other hand, always found itself drown in political struggles and conflict of interest.
People have already been tired of the tricks of Wu Jihan and Craig Steven Wright, not to mention the BCH and BSV drama,” Wang explained.
Compared with Bitcoin, the Litecoin team was fairly small, but Wang believed the latter had a more promising future, making him more willing to contribute.
Road to Success Litecoin is considered the silver to Bitcoin’s gold.
To some, however, this popular and impressive slogan was the only reason for the coin’s success.
But was it? “Charlie Lee defined Litecoin as a daily payment tool as it has a faster speed of transfer yet costs less.
Bitcoin, with its security and stability, is more suitable to be a store of value.
Instead of competing with each other, this means the two coins will develop in a complementary fashion based on their own sphere of competence,” according to Wang.
The lack of innovation is a prevalent gripe of Litecoin.
Its core code was forked from Bitcoin except for adjustments to partial parameters and the adoption of Scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory.
This, in turn, brings Litecoin undebatable value as a test net of Bitcoin.
Read the full topic at
https://dailyhodl.com/2019/06/22/an-ambitious-litecoin-believer-an-exclusive-coinness-interview-with-wang-xinxi/
Follow me on
Twitter: https://twitter.com/cryptoexpert20
IF you be an admin for your telegram group you can order from the link
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