Leading cryptocurrency exchange faces outages as bitcoin rivals surge

Leading cryptocurrency exchange faces outages as bitcoin rivals surge

After Bitcoin, Litecoin has now been dominating the interest of investors. However, it is not just Bitcoin who is ruling the crypto charts this week. If you calculate the returns as on the existing date, it turns out that Litecoin has appreciated investors by more than 5500 percent against Bitcoin appreciating investors money by 1800 percent since the start of 2017. Bitcoin's bounce off the back of forward contracts through Monday would have certainly provided additional support to Litecoin. But the big question is which is better, bitcoin or litecoin? Well, now the word on the e-streets is that Litecoin has hit a new all-time high of $255, marking a 50% surge in the past 34 hours. Lee is a former Google employee and Ex-Director of Engineering at Coinbase, one of the largest exchanges and the first to list litecoin alongside bitcoin and ethereum. Ethereum buys and sells were temporarily disabled for about 40 minutes and litecoin trading was disable for about 90 minutes earlier today. While retail adoption is encouraging, cryptocurrency, merchants, exchanges, wallets and other infrastructure are also integrating Litecoin in growing numbers.

While further taking a jibe at fiat currencies, Charlie candidly said that given the potential of cryptocurrencies being used in day-to-day transactions, they can essentially replace U.S. Dollar over the period of time.

We had considered the possible effects of the launch of the Bitcoin futures market on the cryptocurrency market in general.

In contrast, Litecoin offers a "drama-free" community, faster transaction speeds, and a larger supply of coins (84 million to bitcoin's 21 million).


Litecoin is a peer to peer cryptocurrency. "Litecoin is more scalable by nature and with bitcoins mempool now flooded with unconfirmed transactions Litecoin is looking much better than BTC as a medium of exchange", he said.

Litecoin, the fourth-largest cryptocurrency in the world by value, has hit a record high and rallied almost 5,800 percent this year, beating rival bitcoin's rise. Now seems like these altcoins have started to pick pace as well.

With the major milestone for the dominant cryptocurrency lying behind us as is has been already 24 hours since Bitcoin entered the world of Wall Street, "FOMO" - fear of missing out effect has driven smaller cryptos prices to the stars, causing famous trading platforms to heavily lag or go offline for hours.

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