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That is the amount of time that the bitcoin developers think is necessary for a steady and diminishing flow of new coins until the maximum number of 21 million is reached (expected some time in 2140).bitcoin play bitcoin cryptocurrency bitcoin central Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It was an early bitcoin spinoff, or ‘altcoin’ and initially intended for smaller value transactions than those made using bitcoin. Technically speaking it was created to be almost identical to bitcoin, but it has some notable differences and improvements. For example, litecoin can process blocks up to four times quicker than bitcoin. It also requires more sophisticated technology to mine, but the total number of coins available has a much larger cap - it is currently set to 84 million, which is four times greater than bitcoin. 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Although bitcoin can be sent directly from user to user, in practice intermediaries are widely used.:220-222 Bitcoin miners join large mining pools to minimize the variance of their income.:215, 219-222:3 Because transactions on the network are confirmed by miners, decentralization of the network requires that no single miner or mining pool obtains 51% of the hashing power, which would allow them to double-spend coins, prevent certain transactions from being verified and prevent other miners from earning income. As of 2013 just six mining pools controlled 75% of overall bitcoin hashing power. In 2014 mining pool Ghash.io obtained 51% hashing power which raised significant controversies about the safety of the network. The pool has voluntarily capped their hashing power at 39.99% and requested other pools to act responsibly for the benefit of the whole network. c. 2017 over 70% of the hashing power and 90% of transactions were operating from China. Click here for cryptocurrency Links What is Ethereum? World computer, truth machine - with the second-largest cryptocurrency fundamentals-ethereum Since its birth in 2015, Ethereum has been ...