Things You Should Know About Enjoying Live Music

Live music or events are a lot more different than the recorded ones. I understand that a lot of people are already aware of that but there are so many people who have never been to a concert and it is important that you are paying attention to this. Again, you would want to experience both before you are able to decide.

roseland theater events

Now, the good news is that you can easily make the most of the situation at hand by visiting places like Grand Ole Opry and witnessing everything on your own. I understand that it is not for everyone but hey, you are looking at a wonderful time, and this is how it should be done, too.

For now, let’s just talk about the things you should know about enjoying live music.

The Experience is Different

The first thing is that the experience is entirely different from the one that you get when you are listening to recorded music. It is going be so much different and in almost all the cases, better as well. Therefore, if it is music you want to enjoy, this is how you are going to do it.

Takes Some Time Getting Used To

You will need to understand that this is going to take some time getting used to because of course, different people have different experiences, and it would be wiser that you are doing things the right way, and are being considerate about this. You cannot just listen to a live performance once and decide if this is for you because it took me some time before finally understanding the nuances of it all.

A Tip For Cryptocurrency Trading

Trading crypto is one of the most surefire ways in which you can end up becoming as rich as you have always wanted to be. The thing about that is that you might not really know how to trade crypto in the first place since there is a pretty good chance that you are new to this sort of thing.

The truth of the situation is that while it might initially seem rather intimidating to you, putting some effort into it can enable you to understand the value of the trading process, and eventually you can get to a point where you will have more than enough experience to make things work out in your favor.

One tip that we can give you is that you should use Trade Wise as often as you possibly can. This is because of the fact that this platform offers a lot of information that you can use to improve matters on all fronts, and if you think about it the potential gains that you can get from using this platform and obtaining information from it far outstrip any and all costs that would be associated with using this platform in any reasonable manner.

The fact of the matter is that crypto trading is a full time job, one that will require all of your time and patience. If you do it effectively you can get truly rich, but there is also a really high chance that you might end up losing all of your money. Just be as careful as you can and hedge your risky bets with some safer investments that you can rely on if everything goes against what you had planned.

Consider These Features When Buying a Gaming Chair

Whether you are used to playing games on a computer, an Xbox, a PlayStation or any other console, you will have to find a comfortable chair to sit and play for long gaming sessions without hurting your back.

gaming chairs amazonWhile you might not even pay close attention to it at first, your gaming chair can make a huge difference in your overall gaming experience.

However, buying a gaming chair is not as simple as looking at it and bringing it home. It requires proper research and patience to find the best gaming chair for your gaming needs. So, to help you in this process, here are some of the key features of gaming chairs you should consider when buying one.

It Must Be Compatible

The type of gaming chair you buy must be compatible with your gaming system. For example, if you mostly play racing games, you will need a chair which gives its best performance in racing games. On the other hand, if you are an avid PC player, you will need to invest in a PC centric gaming chair. The same rule goes for console gaming as well.

To find the perfect gaming chair according to your gaming set up, you can start doing online research, and compare different models before you can make the final purchase decision.

Buy The Right Sized Chair

In addition to being a big investment in your gaming set up, gaming chairs are literally big. So, you will need to find the right sized gaming chair to make sure that it fits in your room perfectly, and leaves enough space for your friends to sit beside you.

Last but not the least, you should always pray for comfort and quality over cheap price if you can afford to.

Why DUIs Are a Big Deal

A lot of people tend to get a little queasy when they step into an airplane or get on a train because they are worried about something going wrong and getting into an accident. What these people do not realize is the number of deaths and accidents caused by cars outnumber the number of accidents and deaths by airplane or bus crashes by an exponential amount.

interesting factsWe are driving or in the car almost every other day, and we do not realize just how easy it is to get into a serious accident because we are so accustomed to it. When you add in being under the influence of drugs or alcohol on top of that, the likelihood of crashing or putting other people in danger is tenfold. If you have are ever in a situation with a DUI arrest charge against you, you should reach out to a lawyer.

DUIs are a big deal, and depending on the laws of the state you are in, you can end up behind bars, having your license confiscated, or having an extended ban on your driving with or without probation as well. If you are looking to lessen the extent of your charges, then the only way you can do that is by having a good lawyer by your side, ideally one that has extensive experience handling cases with DUI charges.

DUI might not seem like a big deal to some, but if you have had multiple DUI charges pressed against you, or have put yourself, someone else in the car with you in danger, or worse other cars and pedestrians in danger because of your reckless driving, then you can end up with serious criminal charges being pressed against you on top of the DUI charge, so you should take it seriously and call in a lawyer.

Why Tiny Houses Are Great For First Time Buyers

For the vast majority of people living in the world, being able to buy a home of their very own is likely something that ranks relatively high on their overall list of priorities once all has been said and is now out of the way. The reason behind this is that when you own a home you are no longer going to have to concern yourself with things like paying rent and the like and this can make your life a lot easier than might have been the case otherwise.

tiny houses floor plansThe only problem with buying a house is that it can be prohibitively expensive especially for first time buyers, which is why we feel like first time homeowners should ideally prioritize the purchase of a tiny house kaufen. Tiny houses are going to be really cheap due to the reason that they would not require the same level of land area usage that larger houses would mandate, and real estate prices are the main contributor to housing prices anyway so this can be a truly excellent way for you to save money that you can put towards other things that might just be equally important for you if you think about it.

You can always save up for a bigger house later on, but for now we feel like first time buyers should focus on tiny houses as they will be well within their budget range. Living in a tiny house can be great for you for a lot of reasons, and being able to buy a house without having to empty out your life savings from your bank account is something that we feel is truly worthwhile.

Want to Get Mold Removed? Here Are Things You Should Consider

If you have finally decided to get rid of all the mold. There are multiple ways of taking care of that, to be honest and most of them will work just fine if you know what you are doing but there are chances that you might not be able to get the understanding you need.

mold companiesThankfully, if you are in the right place, the good news is that you can handle all the things on your own if you are fully aware of what needs to be done. Mold removal is not at all difficult, but you can always look into Atlanta mold removal so you are fully educated about what you are getting into.

But right now, we want to talk about some of the things to consider.

Finding a Good Company

Honestly, one of the most important things here is that you must always look into a good company before you go ahead and get the mold removed because without this, you might not be able to make the progress you want to make. Things like this happen all the time and the more you are being careful about, the better it would be in general and you would be all fine, too.

Getting It Done Earlier

You will also have to be sure that you are getting it sorted in time. There really is no reason to go ahead and delay things as that is not really going to do much for anyone and we would not be suggesting that to anyone. Therefore, if you are facing such an issue, it is preferred that you are taking care of it and that should get things sorted for you. I know it might not be enough but hey, this is a start that you should never overlook.

An Important Consideration When Finding a Criminal Defense Attorney

You can’t really afford to hire a criminal defense attorney that is not capable of winning a case. After all, you will be paying this attorney quite a bit of money for the knowledge that they supposedly have, so it can’t hurt to do some due diligence. You might be thinking right now that you already know what the most important factors to consider regarding your attorney truly are, but in spite of the fact that this is the case it is important to note that there is one factor that you might not have thought about which his truly essential to think about when you consider the implications of hiring a lawyer in the first place.

purpose of criminal lawThis factor that we are referring to has to do with the win loss ratio that said lawyer can boast about. A lawyer like Patrick Courtney has a win loss ratio that can really give you confidence in the kinds of abilities that he possesses, and you can feel really good about hiring him thanks to the talent that he has. However, now every lawyer is going to have such a positive ratio at the end of the day.

While it would be more or less impossible for you to find a lawyer that can give you a hundred percent win to loss ratio, trying to find someone that has won at least a majority of their cases is crucial. Anyone that has lost a majority of their cases, even if it’s 51%, is not worth hiring because the odds are stacked against them and that is really not something you would want happening with your lawyer who is representing you.

Things You Should Know About Bankruptcy

Learning about bankruptcy is important because most of the times, people know very little about it and they are under the assumption that all of the bankruptcy is the same and that is not at all the case because there are a number of types that you have to look into, with each being different than the other.

For instance, you can learn about chapter 13 here and that should give you an idea but there are more types, too. For now, we will not be getting into the details of a specific bankruptcy type, and talking about it in general, to be honest.

This would give people an idea, and they will be able to think better.

Not All of Them Are Terrible

I understand that people are generally under the impression that all bankruptcy types are terrible but that is not the case. Take a look at chapter 13, for instance. This plan actually helps people make a proper reschedule that allows them to pay off their debts on time, if there are any. Before you decide that you want to go ahead and file one, do some research and then come to a decision.

It Doesn’t Happen in Just One Day

You also need to be aware of the fact that you cannot just file bankruptcy in day one and be done with it. This is an actual process that takes time. You have to be patient and more importantly, careful that you are not doing anything that is not supposed to be done wrong. It helps a lot of people, and the more you are educated about it, the better it would be in general.

How Music Lessons Can Benefit You

Learning music isn’t just one simple skill. Rancher, it can prove to be the precursor for new skill development in your child which can help make them better learners in the future.

music lesson by professional teacher

But as a parent, you might be thinking that music classes can be an additional burden for your kid, especially when there’s lots of physical activity and class work available for them on a daily basis. So, always consider the benefits of anything like music classes before you can accept or reject them for your child.

Here’s how music lessons, especially in rock music for kids can benefit your child.

Better Academic Abilities

Music and maths have lots of things in common. By becoming a good musician, your child is indirectly becoming very good at maths as music runs on the fundamental principles of maths.

Many studies prove that sending your child to music classes can help make them better in academic activities as well. So, music will make your kid more intelligent.

Instruments Teach Physical Skills As Well

Since lots of instruments are involved in playing music, you can learn lots of physical skills with the help of coordination and control which music teaches you.

Being in rhythm can help your child in other sports as well.

So, music classes are therefore very beneficial for your child.

Better Social Interactions

Music classes require students to collaborate and work with each other to grow their skills. This doesn’t only teach your child to collaborate in teamwork, it also helps make their social interactions with other kids better and effective.

So, if you want your kid to become a collaborative and social person, you should definitely send them to music classes.

This was how music lessons can benefit you and your child.

Binance vs Kraken: Which One is Better?

Crypto has become a really hot topic these days ever since various coins started their remarkable ascendance and turned into some of the most valuable commodities that anyone could potentially invest in. Trying to invest in crypto will first involve looking for a cryptocurrency exchange platform since this is the digital space where you can buy and sell various cryptocurrencies. Whether your investment philosophy involves aggressive buying and selling or holding for extended periods of time, you will undoubtedly need to find the right cryptocurrency exchange and there are a number of factors that are taken into account for this sort of thing.

Two of the most prominent crypto exchanges that are currently out there are Kraken vs Binance, both of which have received widespread acclaim from traders and investors. However, a case can be made for each of them due to their specific advantages and disadvantages. Essentially, you can benefit from each of these exchange platforms so long as you have a specific cryptocurrency trading philosophy in mind. Different people can get different benefits from both Kraken vs Binance, and we are going to review both of them to determine which one might be suitable for you. We will be comparing these two platforms based on five different criteria, namely Security, User Friendliness, Cost, Coin Support and Popularity.

Security

Kraken — 10/10

Now, since these crypto exchanges are viewed so positively among traders and investors, one can assume that they are both reasonably safe to use. Still, we are going to delve into the nitty-gritty of their security features so that you can obtain a better understanding of what makes them so worthwhile. A basic aspect of online security these days is two factor authentication (2fa), and both Kraken vs Binance manage to offer this to help keep users safe.

Kraken manages to edge ahead of Binance in this department though thanks to how it stores user coins. Basically the lion’s share of Kraken’s user assets, 95% to be precise, is kept in cold storage units where they are pretty much as safe as can be. The fact that users can depend on such top notch security is definitely going to be a huge factor, and although Binance provides an admirable level of security as well, the cold storage units are an added touch that make Kraken a bit more advantageous in this regard. Hence, Kraken gets a slightly higher score in this category.

User Friendliness

Kraken — 8/10

By user friendliness we essentially mean the ease of use with which a user can take part in their day to day trading in any given platform. Binance tends to lag behind in this particular category due to its emphasis on versatility. Essentially, Binance wants to give users multiple options that can allow them to choose the layout that they prefer. One of their layouts is actually pretty intuitive; the problem is that most beginners wouldn’t really know how to implement this easier layout which is why Binance loses a few points here.

Now as for Kraken, this platform clearly placed a lot of importance in simplifying its user interface for beginners. First time traders will have no trouble getting started if they were to use Kraken, whereas with Binance they would likely need to take a while before they can make sense of things. That said, experienced traders might like Binance’s variety of layouts but we are judging user friendliness here and Kraken’s intuitive default layout justifies it getting more points despite its relative lack of customization options.

Cost

Kraken — 6/10

The trading fees that a particular platform might charge will likely play a huge role in your decision making process, so we are going to dive right in here. Kraken actually lags behind Binance in this regard with their higher pricing although it still tends to be rather reasonable if you think about it. Kraken charges 0.26% of any trade that you make, and it limits your daily trades to about $100,000 which a lot of high trading volume traders might take issue with. What’s more is that if you want to make a withdrawal, you would have to pay withdrawal fees of up to $60, which is actually quite reasonable so we won’t be deducting further points for that.

Binance, on the other hand, actually gives users a pretty great experience in terms of trading fees and the like. Their maximum charge for a trade is 0.1%, and that is for a pretty high trading volume so you’d usually pay a lot less than that. They charge 3.5% of your withdrawal though which is why the platform doesn’t get a perfect score, although the fact that there is no daily trading limit means that a score of at least 9 is more than justified.

Coin Support

Kraken — 7/10

Here once again a dichotomy can be made between platforms that are meant for beginners and platforms that are geared more towards experienced traders. First we are going to explain what we mean by this category. Basically, a trading platform will have a set number of coins that you can purchase or sell. Kraken offers an admirable 55 different types of coins which is perfect for the fledgling investor who might want to consider limited investments so that they can gain a bit of experience before branching out into somewhat esoteric options. Basically, with Kraken you get all of the mainstream coins that are out there, but your options would be rather limited.

That said, if you are an investor with experience who knows what to look for, you might be better off going for Binance thanks to their 302 different coins. Beginner traders wouldn’t really need this many options but if you want something that you have heard about here and there and want a piece of it Binance will likely be the best option for you in this regard.

Popularity

Kraken — 7/10

The amount of popularity that a particular cryptocurrency exchange has obtained might be an odd metric to consider, but it definitely has an impact in the kind of trading you can take part in. After all, a cryptocurrency exchange that does not have that many users will be quite dead despite market activity, so you should prefer a crypto exchange that has a larger number of users.

Binance surpasses Kraken quite soundly here, with its 13.5 million users as compared to the latter’s 4 million. If you’re wondering why we didn’t give it an even better score considering it has three times as many users, this is because there is a limit to the advantages of platform popularity after which the added value starts to decline. Basically Kraken has enough users to create a lively and profitable market, and Binance has just enough more to make it a somewhat more exciting place. However, there isn’t as much functional difference between 4 million users and 13.5 million users as you might initially think.

Conclusion

Kraken — 7.6/10

As you can see from our analysis above, both platforms can give you the chance to start investing in cryptocurrencies. Users that are just starting out would prefer Kraken due to its straightforward layout, but the added costs and limited coin support might make some lean towards Binance vs Kraken. Still, we feel like Kraken’s superior security justifies the added costs to a certain extent, and most new traders are not all that interested in lesser known altcoins anyway.

It all depends on what you want from your crypto experience. The minor differences in score should dissuade you from using either of their platforms. Try to closely analyze what we have mentioned above and make sure that you make a decision based on your own research!

Bitcoin Cash Fork – Why did the split happen again?

When the community of a crypto project does not agree on which direction the project should go, hard fork can easily occur. From one coin, two to two different versions of the blockchain can be created. Supporters of Bitcoin Cash know this best because Bitcoin Cash originated just like the hard fork of Bitcoin, and then forked again a year later.

Bitcoin SV was created in the second fork, and now, exactly two years later, another fork has happened. This time the spears are breaking around a whole new topic. Find out below which part of the community will get the right to the name Bitcoin Cash and when it was supported by exchange offices and crypto services.

Previous Bitcoin Cash forks

Bitcoin Cash has a history of hard forks that cannot be compared to almost any other cryptocurrency. It was created as a hard fork of Bitcoin in 2017, and then re-forked on BCH SV and BCH ABC on November 15, 2018. Then Bitcoin ABC became the dominant blockchain and got the right to be called Bitcoin Cash.

The separation from Bitcoin arose as a result of a debate within the community about whether to increase the size of blocks on the blockchain in order to increase the number of transactions that can be executed in one second.

The second hard fork was the result of a re-discussion of an additional increase in block size from 32MB to 128MB. Bitcoin SV (Satoshi Vision) was created in this fork. Exactly two years later, on the same date, another fork happens.

New Bitcoin Cash Fork

The need for a new hard fork arose when part of the developers gathered around the Bitcoin ABC (BCHA) team decided to propose a reduction in the reward of each block by 8% in order to use these funds to finance the further development of Bitcoin Cash.

Proponents of this idea claim that there are not enough funds to finance developers, and thus no progress on Bitcoin Cash as a cryptocurrency. They claim that other cryptocurrencies have much better designed development financing systems and that a similar system needs to be implemented in order for Bitcoin cash to remain competitive in the market.

A large part of the community is against this proposal, led by Bitcoin millionaire Roger Ver, better known as “Bitcoin Jesus”. This group is gathered around Bitcoin Cash Node (BCHN). They claim that such a levy is unnecessary and that developers do not have the right to “steal” 8% of the mining reward from miners.

We will present the arguments of both sides, so that you can better understand what is happening with Bitcoin Cash.

What are the arguments for Bitcoin Cash ABC?

Bitcoin ABC developers claim that financing development in this way is good for the project because that way they are motivated to do their job as well as possible and to invest the maximum in the progress of Bitcoin Cash. Improvements in Bitcoin Cash will result in an increase in its market value. This also means that miners would have better earnings and would not feel an initial reduction of 8%.

One of the arguments is that the community is certainly not only made up of miners, but also people who actually receive and send BCH. This part of the community would not bear any costs, and would benefit the most from the progress on Bitcoin Cash.

These developers also point out that it is impossible to expect that they will be able to work on improving Bitcoin Cash without the funds for that, and that it is logical that they will be compensated for their efforts to improve the network.

What are the arguments for Bitcoin Cash Node?

Roger Ver and Bitcoin Cash Node (BCHN) believe that BCHA only wants a miner’s reward and will not contribute to the development of cryptocurrency. They point out that in this way, the miners who ensure the security of the BCH network are harmed.

They also state that Bitcoin Cash has been operating free of charge for developers for 11 years (8 years as Bitcoin, after the fork as Bitcoin Cash) and that it has been constantly improved during that period. There is no need to allow one group of developers to substantially change how BCH has worked over the years.

They ask the question to which developers exactly these funds will belong and on the basis of which they deserved them. They state that there are already enough cryptocurrencies with this type of fee and that developers who want it can work on one of those cryptocurrencies instead of imposing payment of fees.

A drop in mining profitability could result in a large number of miners leaving the network. This would make Bitcoin Cash less safe to use and potentially more vulnerable to attacks.

Which version of BCH is more accepted?

As things stand BCHN will be the dominant blockchain. BCHN has convincing leadership in processing power. BCHN currently has a total hash rate on the network of 1.99 Eh / s, while BCHA has only 0.03 Eh / s. This means that the team gathered around Roger Ver will have the right to use the name Bitcoin Cash.

Although most services accepted BCHN as the “winner” in this duel, BCHA still has a chance to be an independent coin like BSV. The BCHA must have at least 10% of the hash power that the BCH had before the fork in order to have the opportunity to list on larger crypto services. The current price of BCHA is around $ 10 per coin, which is about 94% less than the price of BCH, or BCHN.

If you owned a BCH at the exchange office or in a wallet that will support both parties during the fork, you can get the same amount of BCHA you had at your BCH address. You must check this with the service you are using. Most major crypto companies have already expressed their views on this fork and which Bitcoin Cash it will support.

Cryptocurrency mining – What you need to ask yourself

Have you heard of cryptocurrency mining and want to know more about it? You are interested in how it is done and how much can be earned. A large number of people are tempted by the idea to buy a machine, put it in the attic, turn it on and no longer think about it. Unfortunately, not everything is so ideal, and for the story about mining, it is necessary to take into account many factors such as electricity consumption, the price of cryptocurrencies, the price of equipment, novelties in the crypto world, noise, heat, etc.

Before you decide to engage in mining, you must first ask yourself the following:

What cryptocurrency do I want to mine?

First of all, you need to research which cryptocurrency you want to mine. The type of equipment we will buy depends on this. One should research and know well the project (Bitcoin, Ethereum, Monero) in which one invests because later changes are difficult or almost impossible.

For example, you will use ASIC devices for bitcoin mining, and you will use graphics cards for ethereum and moner mining. Since Monero and Ethereum have different mining algorithms, you will also be looking for different graphics cards.

We will use the example of ethereum mining due to minimal investments and because it does not require special equipment required by Bitcoin. It is possible to mine ethereum on any average computer with a discrete graphics card. You will not earn much like this, but it is a good way to get acquainted with the concept of cryptocurrency mining.

How much money should I invest in cryptocurrency mining?

Before we start looking for equipment, we need to determine the amount of money we can set aside for the purchase of equipment. It is important to think carefully about the budget and invest only what you are ready to lose. This principle is related to every type of investment in which there is a risk, and the risk is especially pronounced in the crypto world. It is recommended to avoid loans and other types of borrowing in order to purchase equipment for cryptocurrency mining.

Where can I find cryptocurrency mining equipment?

There are several ways to mine cryptocurrencies, and everything is based on processor power and equipment optimization. For simplicity, we will focus only on ethereum mining, and the principle is similar for mining other cryptocurrencies. Research has shown that ethereum is very popular in EU, partly due to the cost-effectiveness of mining and cheap electricity.

To mine ethereum, you need graphics cards, the same ones used in gaming computers. You can find these cards at any computer hardware store like Gigatron or WinWin. Buying graphics cards in stores like this is a good option because you will be sure that they have not been used before, and you will also get a warranty on the equipment, which is very useful in case of a breakdown.

A good part of the miners still decide to look for the equipment through advertisements. This variant will probably save you money, but the correctness and guarantee are in question. The question is where
The equipment you procure comes down to your budget and risk tolerance.

Do I have room for equipment?

Depending on the equipment, you must also consider the space that the equipment will take up. It is necessary to consider the equipment not only on the basis of how much physical space it will take up, but also how much heat there will be in the room and how noisy it will be. You don’t want to sleep in a room where mining rigs work 24 hours a day. The heat in the room will depend on the consumption of your equipment. If your equipment consumes 1kW, it’s the same as having a heater of that power that works 24 hours a day.

The minimum space could be a pantry with a window, but it would be advisable to keep the equipment as far away from you as possible. A typical example of a cryptocurrency mining space is an unused garage, basement or attic. The room must have good ventilation and internet access. If you can, connect your rig with a cable, because the WiFi connection can cause you additional problems due to its unreliability.

Does cryptocurrency mining pay off?

This is the question that probably interests everyone the most, but unfortunately the answer is not so simple because your rig does not mine dinars, but a cryptocurrency that you can convert for dinars. As we know, the prices of cryptocurrencies can vary a lot in price from day to day.

Here is an example of a financial analysis for a mining rig that mines ethereum:

  • Price of a new mining rig with 8 cards and all accessories: ~ 1800 EUR
  • Price of the same used rig on ads: ~ 800 EUR
  • Electricity consumption on a monthly basis: ~ 8000 RSD or about 70 EUR
  • With a rig like this we can mine: ~ 0.5 ETH
  • At the current price of ETH it is: ~ 37500RSD or about 315 EUR
  • Current monthly profit would be: 87 EUR

Most miners do not sell cryptocurrencies at the end of each month, but make stocks and wait for the price of cryptocurrencies to rise in order to maximize their profits. It is important to note that ethereum (ETH) at one point reached a price of almost 1200 EUR (January 2018) and that its price has jumped by more than 9000% since its inception (2013).

Litecoin – features, functions and benefits

Litecoin (LTC) is one of the leading alternatives to the still inviolable Bitcoin.
It is the second currency ever created, back in 2011. The market capitalization (quantity in circulation) is 65 million, which currently puts it on the 7th place in the list of the largest cryptocurrencies.

Like other currencies on that list, LTC is a decentralized digital network through which users perform transactions without intermediaries. Therefore, this currency is not issued by the government or the central bank of any country.

Instead, it is powered by blockchain technology, which on paper guarantees a high level of security and efficiency. The concrete outcomes, however, depend on the quality of the LTC implementation on the concrete blockchain.

In addition to these features, it should be immediately noted that Litecoin has features, functions and benefits that set it apart from other currencies. In this text, we will explain them in an easy to understand way.

Basic Features and Functions of Litecoin

Litecoin is a peer-to-peer system for paying and performing LTC transactions between users.
It was created in 2011 by separating from the Bitcoin Core protocol. The founder is Charlie Lee, a former Google employee, who developed a scripting-based algorithm.

Like Bitcoin, LTC is created with the help of mining.


This process is based on computer records and processing of online transactions, as well as storing the corresponding data in blocks. Namely, before it becomes part of the blockchain, each transaction must be verified by users who fulfill the role of a miner. This is done through special hardware and mining programs, products that are available to everyone (the program is open-source).

Mining can be easily reported via ordinary computers and laptops, but in that case the process is much less cost-effective. Simply put, the devices on which we consume daily digital content lack the processing power to efficiently solve complex mathematical equations during transaction verification.

Practical Application and LTC Value

Any miner can access detailed block transaction data at any time.
What cannot be done is to check who owns the wallet. Thanks to the blockchain and the encryption system, private data is protected, so you don’t have to worry about your privacy. Encryption also regulates the process of creating new LTCs.

Miners cannot make LTC blocks at will, but only strictly respecting the cryptographic hash concept and other criteria. Those who manage to be the first to verify a new block in the network are rewarded with 25 Litecoins. At current exchange rates, that is about $ 1,087.

Note that there is a final limit to Litecoin’s offer. There will be a maximum of 84 million in circulation. That’s a hefty sum, four times the planned amount of Bitcoin. When this limit is reached, mining will no longer be possible.

This has a couple of important implications.

First, the reward in the form of new LTCs for miners will decrease over time. It was already halved in 2015, and the same will be repeated at regular intervals until the mining is completed and 84 million LTCs are in circulation.

Second, the Litecoin value does not depend on the decisions of institutions or central entities. The mentioned scarcity is what can preserve its value and precisely because of that scarcity it is not subject to the risk of hyperproduction. Inflation also does not affect it as in the case of all conventional currencies.

Benefits of Using Litecoin

LTC is a very secure payment and exchange system.

Any attempt at manipulation is easily detected by the miners. It is theoretically possible to commit fraud, but the chances of that are negligible, since the consent of the majority of miners would have to be obtained to confirm the fraudulent transaction. Of course, they have no interest in doing so because it would increase the risk of fraud in the entire system and reduce the value of the entire network.

Furthermore, the block creation time is shorter than that of the main competitors. The verification speed is excellent compared to BTC. The LTC network strives to process each block within 2.5 minutes, which is significantly faster than the 10 minutes Bitcoin users wait. This reduces the risk of delays in the execution of transactions.

Finally, the fees for performing the transaction itself are low. Regardless of its size, one thousandth of Litecoin is always paid. Compare that to bank transfers, credit cards, or the popular PayPal service, which for example takes a 3% commission on each transaction.

How to Buy and Use LTC?

If you are not able to do mining, you can get Litecoin in other ways.
One of them is to buy Litcoin using other crypto or fiat currencies. This is exactly what various stock exchanges are in charge of. All you have to do is select the stock exchange, open an account and the LTC wallet.
When you come into possession of LTC, you can spend it in various ways. There is a long list of sellers willing to accept this currency for products and services. Slowly, larger online stores are beginning to realize its potential.

There are risks when investing in this currency similar to those associated with most cryptocurrencies. These are sudden declines in value. Today’s price of Litecoin ($ 54.73) is still far from the historical heights reached in 2017 ($ 360.93).

Saving in Cryptocurrencies – A Beginner’s Guide

Bank accounts have long been a major option when it comes to savings.

But the financial world is changing rapidly, under the influence of modern technology. Many people have started using digital tools and platforms, and money itself is increasingly digital.

One of the biggest innovations on the market is cryptocurrencies and the blockchain technology on which they are based. Among other things, they have led to the emergence of austerity as an alternative path to financial prosperity.

The intention is to generate significant passive income by keeping currencies long enough. In practice, there are several obstacles, such as volatility, which is innate in almost all cryptocurrencies, and that is why it is best to approach this topic with a healthy dose of caution.

This guide will show you the main features, benefits, and ways to save crypto.

The problem with traditional savings

We know what you mean. The money is safe in the bank and there is no reason to move it. But what about the fact that he often makes no profit?

Namely, if you provide a dinar or foreign currency deposit, the value of that money remains more or less the same over time. This means that this type of savings has almost no positive effect on your purchasing power. The main culprit for this state of affairs is inflation, which “eats” what the interest rate brings.

Of course, the inflation rate is a matter of fiscal policy of the state, on which you do not have much influence. Simply put, traditional money is designed to lose its value gradually. Cryptocurrencies, on the other hand, have a much greater potential to increase revenue.

First, they are completely hedged against inflation and this characteristic of cryptocurrencies is the result of their design and the fact that supply (the number of currencies in circulation) is limited.

Governments may choose to let a bunch of money into the economy, but there is only as much cryptocurrency as blockchain users can mine.

Savings in cryptocurrencies and its advantages

The crypto market is decentralized and operates on the principle of a peer-to-peer network.

This means that there is no central instance that dictates the terms of transactions. Buying or selling currencies is a unique exchange between two actors. You own, not only full ownership of the assets, but also all the privileges of managing them.

Another advantage is that you do not have to prepare a “hill” of paperwork and pay for various banking services. Cryptocurrencies give you a chance to avoid most of the complications, commissions, and other costs that arise when opening regular savings accounts. You may also be pleased that individuals do not have access to your complete financial history.

As a result of all these benefits, many have begun to accept cryptocurrencies as a form of savings instead of pure consumption.

Savings plan as a foundation

When it comes to saving, the key to success is in a smart savings plan.

The basic idea is simple. Find a way that allows you to easily and securely buy cryptocurrencies. How to choose a channel and how to store cryptocurrencies? Exchange offices, stock exchanges? Each channel has its pros and cons, and they depend primarily on your motive for buying and knowledge of cryptocurrencies. One option is to open an account on the appropriate stock exchange, to provide a deposit of a certain amount of cryptocurrency. Another option is a crypto exchange where you can quickly and easily buy cryptocurrencies for your money.
Problems arise in the practical domain — in the execution of this plan. To do this successfully, you need to think more as an investor than as a typical saver or speculator. In other words, your goal is not to get rich quick or keep money with someone else. Keeping cryptocurrencies on the stock exchange is just keeping “money” with someone else. When it comes to savings, and not active trading in cryptocurrencies, stock exchanges do not have to be the optimal solution.

Also, it should be noted that saving in multiple cryptocurrencies is usually a smart move. With this diversification, you practically reduce the risks, which are always higher when you invest all your money in one currency.

One of the newer trends in terms of savings is the fact that parents buy cryptocurrencies for their children. This is a form of saving, but also investing in their future. The main advantage is what we have already pointed out – you can avoid inflationary risk (pressure).

 

Cryptocurrency selection factors

The first step is to choose the currency in which you want to save.

 

Bitcoin is an indispensable topic in the world and still one of the most popular cryptocurrencies. Although it has come out with a somewhat bad reputation as a very volatile option, what is not in question is the incredible growth of its value over the years.

In addition to bitcoin, you can consider other established currencies, such as ethereum, litecoin, dash, and bitcoin cash. Despite instability, these currencies have also seen a rise in value over the years. Another encouraging trend is that their value is stabilizing.

Investing in smaller cryptocurrencies may be cheaper, but the basic problem is unprofitability in the long run. Simply, they are subject to large variations in prices, and can suddenly disappear from the scene. Therefore, they usually do not enjoy the trust of investors and savers.

True, the risk is always there, and it deters many investors and savers from cryptocurrencies. This market really cannot be compared to a securities market that is far more stable. What you need to understand is that this instability is only one side of the coin.

The other side is big profits.

Conclusion

In principle, cryptocurrencies are worth considering, in the case of long-term savings.

They are not subject to inflationary pressures and gain in value as time passes. In contrast, bank accounts are very slow or no means of saving, primarily due to low interest rates and inflation.

There are definitely risks, so you have to be willing to accept them. Make a savings plan, determine the amount you will save, and set realistic goals. Carefully choose the currency in which to save and diversify your strategy as much as possible.

For starters, don’t translate all your savings into cryptocurrencies. You do not want your financial health to depend solely on cryptocurrencies. Always invest with caution.