Download
1 / 10
100 likes | 106 Views
Everyone who is introduced to the cryptocurrency market for the first time has heard of Bitcoin. It is the first, most famous, and most well-known cryptocurrency in the world. However, the world has come a long way since Bitcoin was introduced in the market. Today, many more cryptocurrencies exist. So, if you want to expand your knowledge and learn to buy litecoin canada, you are at the right place.
E N D
Everyone who is introduced to the cryptocurrency market for the first time has heard of Bitcoin. It is the first, most famous, and most well-known cryptocurrency in the world. However, the world has come a long way since Bitcoin was introduced in the market. Today, many more cryptocurrencies exist. So, if you want to expand your knowledge and learn to buy litecoincanada, you are at the right place.
In this article, we will be looking at two cryptocurrencies in specific: Litecoin and Bitcoin Cash. We have chosen these cryptocurrencies, in specific, because both of them have an interesting history with Bitcoin. Let us dive right into it.
Before we begin, let us learn about cryptocurrencyBitcoin was the first cryptocurrency introduced in the market. It gained popularity because it was unlike any form of currency ever seen before. It did not exist in the physical form. It only existed in the digital form.Additionally, the cryptocurrency market started by Bitcoin was a fair and transparent one. Unlike other financial transactions, Bitcoin transactions were transparent. They were not controlled by any financial institution or organization.
So how did Bitcoin lead to Litecoin?To know this, you need to know about Charles Lee. He is the founder of Litecoin. Before his interest in Bitcoin piqued, he spent 10 years working on Google Chrome’s operating system.It was in 2011 that he was interested in Bitcoin. He began working on the code that is now known as Litecoin. Another interesting trivia is that he announced Litecoin on a popular forum for Bitcoin. Although he had only mined 150 Litecoins, today, it enjoys the second largest market share.
Here is how Bitcoin led to the growth of Bitcoin CashAs you can tell from the name, Bitcoin Cash has a lot to do with Bitcoin. The history of its origin is fascinating. Roger Ver is the man generally credited for highlighting the benefits of Bitcoin Cash in the cryptocurrency community.He spoke about how Bitcoin Cash would be a better option for daily transactions as it has a fast transaction speed, cheaper network fee, and larger block size.In 2017, Bitcoin Cash came to life because developers decided to part ways with Bitcoin. The reason? They wanted to increase the block size of the network. While Bitcoin has a size of 1 MB, the block size of Bitcoin Cash is 8MB.
What’s next?Now that you know how Bitcoin is related to both these cryptocurrencies, you might have other questions in your mind. One of these might be how to Buy Bitcoin Cash In Canada. You do not have to worry as the process is simple. The primary choice you need to make is finding the correct exchange for your needs.
At Netcoins, trading in cryptocurrency is simple. All you need to do is open an account and provide your details. Your profile will be verified instantly. Then, you need to transfer the money into your account. After this, you can start trading.SOURCE CREDIT: https://medium.com/@netcoinscanada/how-bitcoin-gave-birth-to-litecoin-and-bitcoin-cash-be76c7995b1b
