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News

15/05/2024: v2.4.0 Update

Hello everyone,

We are now back! We are sorry that there was a lack of attention and support given towards the website recently as there were real life issues that was happening with the Management Team. But now we are back and working on providing constant updates again on the website. As well as reguarly refilling wallets to ensure payments are done. All pending payments should now be done and wallets are now refilled. We truly appreciate those who are still sticking with us and we promise to not let you down again! Here are the updates that we have done for version v2.4.0:
- Membership perks updated
- Level benefits updated
- Level system rework (XP system now)
- Offerwall system rework (Dynamic holding system)
- Added Discord chat
- Added Support chat/ticket
- Reviewed and removed a lot of banner advertisements to reduce lag and improve QoL
- Shortlinks updated (Removed not working ones and added new ones)

We understand that the levels are now obtained with XP, and the old XP does not transfer as high of a level before. We will compensate our old users with a boost of XP if you choose to open a ticket or email us. Another problem to address is the reduction of Faucet Boost in levels, in return we have added Roll Boost and Offerwall Boost as well as an increase in Token rewards instead. So the value in rewards that you earn will still be similar as before, with added bonus to active users that use our offerwalls and rolls. Getting a higher level should be easier than before with many ways to earn XP!

Join our new Telegram for coupon and check your email for another coupon!

Once again we appreciate the support and patience you have over these difficult times but those are behind us now. Happy clicking and stay safe!

Kind regards,
Best-Shopme Management

Views: 360 | Comments: 0 | Date: 15 May 2024 15:33

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What is Litecoin?

Much like Bitcoin (BTC), Litecoin (LTC) is a cryptocurrency, a virtual currency designed to function as money and facilitate peer-to-peer transactions without the control of any central authority. While it shares common principles with Bitcoin, Litecoin possesses unique attributes that set it apart in the world of digital currencies.
Genesis and Development
Litecoin was introduced to the public in 2011 by Charlie Lee, a former Google engineer. Lee created Litecoin as a 'lite' alternative to Bitcoin, with the goal of improving upon certain aspects of the original cryptocurrency. Litecoin quickly gained popularity and became one of the earliest and most well-known Bitcoin alternatives.
The Silver to Bitcoin's Gold
Often referred to as 'digital silver' to Bitcoin's 'digital gold,' Litecoin serves a similar purpose as a medium of exchange. It allows users to send and receive value across the internet securely and quickly, making it ideal for everyday transactions.
Technical Distinctions
While Litecoin shares the fundamental principles of blockchain technology with Bitcoin, it employs some technical differences:

Faster Block Generation: Litecoin's blockchain generates blocks approximately four times faster than Bitcoin's. A new Litecoin block is created roughly every 2.5 minutes, compared to Bitcoin's 10 minutes. This faster block generation allows for quicker transaction confirmations.

Scrypt Algorithm: Litecoin uses the Scrypt hashing algorithm, whereas Bitcoin uses SHA-256. Scrypt was chosen for its resistance to custom hardware (ASICs), making it more accessible for individual miners using consumer-grade hardware. This was intended to keep mining decentralized.

Increased Supply: Litecoin has a maximum supply of 84 million coins, four times the supply cap of Bitcoin (21 million). The increased supply aims to make Litecoin more suitable for smaller transactions and microtransactions.

Different Hash Prefix: Litecoin addresses typically start with 'L' or 'M,' distinguishing them from Bitcoin addresses that begin with '1' or '3'.

Litecoin's Role in the Cryptocurrency Ecosystem
Litecoin plays a crucial role in diversifying the cryptocurrency ecosystem. While Bitcoin remains the dominant and most widely recognized cryptocurrency, Litecoin offers an alternative for those seeking quicker transaction confirmation times and lower fees, making it suitable for everyday transactions.
A Shared Foundation: Blockchain Technology
Like Bitcoin, Litecoin relies on blockchain technology—a distributed ledger that records all transactions across its network. The blockchain ensures the security and immutability of data, making it resistant to tampering or fraud.
Mining and Security
Litecoin mining follows a similar process to Bitcoin. Miners compete to solve complex mathematical puzzles, with the first miner to find a valid solution receiving a reward of newly created Litecoins. This process not only secures the network but also verifies and records transactions.
Conclusion
In summary, Litecoin is a notable cryptocurrency created by Charlie Lee as a 'lite' alternative to Bitcoin. It shares the fundamental principles of digital currencies but distinguishes itself through technical features such as faster block generation, the Scrypt hashing algorithm, a higher supply cap, and a unique address format. Litecoin plays a valuable role in the cryptocurrency ecosystem, offering a reliable and efficient medium of exchange for everyday transactions.