Bitcoin is the reserve currency in the blockchain world. Here we offer Bitcoin Wallets, Wallets for Ethereum Litecoin Wallets as well as various other Hardware Wallets for various other ALT Coins.
Cryptocurrency as well as the blockchain are new forms of technology that will revolutionize a lot. Especially the big currencies like BTC, ETH and LTC are the largest and probably the most interesting crypto currencies.
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Bitcoin is a peer-to-peer payment system that uses the same unit for
transactions and the data transfer protocol of the same name. To ensure
the functioning and protection of the system, cryptographic methods are
used. All information about transactions between system addresses is
available in a clear format.
The minimum transmittable value (the smallest amount of fragmentation)
is the 10 ^ -8 part of a bitcoin and is called "Satoshi" in honor of
the creator Satoshi Nakamoto. Although he himself used the word "cent"
in such cases.
The electronic payment between the two parties takes place without
intermediaries and is irreversible - there is no mechanism for the
cancellation of the confirmed transaction (including the cases where
the payment was sent to a wrong or non-existent address or if the
transaction is a private one) Key was signed, the other was known). No
one can block the funds (by seizure, for example), even temporarily,
except by the owner of the private key (or the person who knows him).
But the technology of multi-signature makes it possible to involve a
third party and to realize "reversible transactions". Using a special
scripting language, it is possible to implement other variants of Smart
Contracts. However, they are not available in the GUI and are missing
in the Turing completeness. In contrast, the newer blockchains, such as
Different authors classify Bitcoin differently. The most common
options: cryptocurrency, virtual currency, digital currency, electronic
money. Since the introduction of futures trading in CBOE at the end of
2017, has also been referred to as commodity.
Bitcoins can be used to buy goods or services. The exchange into a Fiat
currency takes place on an online exchange for digital currencies, at
other payment systems, change points or directly between interested
The commission for the execution of the business is nominated by the
sender voluntarily, the size of the commission influences the priority
in the execution of the transaction. Typically, the client program
requests the recommended commission amount. Transactions without
commission are possible and are also processed, but are not recommended
because the processing time is unknown and can be quite large.
One of the main features of the system is complete decentralization:
there is no central administrator or one of its analogues.
Litecoin is a fork of Bitcoin, a peer-to-peer electronic payment system
using the eponymous cryptocurrency. Litecoin was the second Bitcoin
Fork after Namecoin and has little difference. Litecoin can be used for
the electronic payment of goods or services. To ensure the functioning
and protection of the system, cryptographic methods are used. In May
2017, SegWit support was activated in the Litecoin software.
In the Bitcoin and Litecoin networks, the data is recorded in the same
way - as a linked chain of blocks (in the blockchain), each containing
a hash of the previous one. The difference lies only in the function
with which the hash is found (with Litecoin - scrypt, with Bit Coin -
In the Litecoin network, transactions, as with other crypto currencies,
indicate that a certain amount of cryptocurrency is transferred from
one address to another. The Litecoin address is formed on the basis of
a public key using the hashing algorithm. Litecoin addresses consist of
33 characters starting with the letter L or the number 3.
After adding the SegWit support to Litecoin in April 2017, the
addresses starting with "M" began to correspond with the addresses with
a 3. With the help of a special converter, it is possible to mutually
convert the addresses of these two formats.
The complexity of calculating Litecoin is chosen to average about 2.5
minutes per block, which is 4 times faster than Bitcoin. This allows a
faster transaction confirmation. Transaction speed increased
significantly after SegWit was activated in the Lightcoin network.
Ethereum is a platform for creating distributed online services (the
DApps) based on blockchain. The Dapps are also based on the intelligent
contracts, the so-called Smart Contracts. The project is implemented as
a single distributed virtual machine. It was proposed by the founder of
the magazine Bitcoin Magazine Vitalik Buterin at the end of 2013 and
went online on July 30, 2015.
The small unit of ethereum is called ether. The Ethereum platform can
be used with the help of "smart contracts" in various financial areas,
but above all, the ether is a cryptocurrency. Various organizations
have expressed interest in the platform, including Microsoft, IBM and
JPMorgan Chase. Bloomberg Businessweek claims that the project's
decentralized software can be used by anyone who needs protection
against unauthorized interference. According to the text of the
publication: "You can certainly do business with someone you do not
know because the terms are stated in a smart contract and blockchain".