What s Litecoin

The chances of this happening are close to unattainable, as the network is far too large for anybody to get that much management. The truth is, it would cost thousands and thousands, if not billions of dollars in Litecoin for it to be a success. And they would solely get control for a small period of time… so, it will in all probability be pointless, anyway.

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What makes EOS so unique is the fact that it makes use of a novel consensus mechanism referred to as the delegated POS (proof of stake mechanism) that not many other currencies currently employ. Not only that, the platform doesn't make use of a set mining protocol, as a substitute, block producers are rewarded for producing blocks primarily based on their overall efficiency.

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Lastly, the MACD indicator shows that the signal line stays dominant as the MACD line has been unable to break above the former. The bearish MACD histogram is a direct results of the same. In the meantime, volumes usually are not enough for the token to show bullish and break out from the sideways development.