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A popular crypto analyst is naming the top five most decentralized cryptocurrencies.
In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos.

“There are five layers of decentralization in cryptocurrency: the developer layer, the coin or token layer, the infrastructure layer, the blockchain layer and the external layer. I’ll start by saying that there’s no crypto project that scores perfectly on all five criteria but the top spot seems to belong to Bitcoin. 
This is because there are dozens of individuals and institutions building on Bitcoin. BTC supply is broadly distributed, there is no shortage of infrastructure available to interact with the Bitcoin blockchain and the Bitcoin blockchain has over 15,000 full nodes. 
The only thing Bitcoin is missing is true decentralization at the external layer, but this is where every cryptocurrency fails and I suspect not everyone would agree that this even counts as a layer.
In any case, according to a survey of various crypto experts by Cointelegraph last November, there aren’t any cryptocurrencies that come close to matching Bitcoin’s overall decentralization.”
He says Ethereum, Monero, Litecoin and Dogecoin follow Bitcoin and are still lacking in some aspects of decentralization. In the case of Monero, the privacy coin also faces regulatory issues.
“Ethereum and Monero seem to be the runners-up but as I discussed earlier, Ethereum’s decentralization still seems to be lacking on some layers. As for Monero, XMR is constantly at risk of getting delisted from centralized exchanges due to unreasonable crypto regulations.
 There’s also Litecoin and, to some extent, Dogecoin, to consider but we all know these cryptocurrencies are also lacking decentralization at some layers, to put it mildly.”
The analyst says that it is still too early to identify the other most decentralized cryptocurrencies, but he sees the possibility of Cardano (ADA), Polkadot (DOT) and Solana (SOL) being included in the list.
“By now, you’ll have noticed that most of the more decentralized cryptocurrencies have been around for a while and many believe that it’s ultimately time that has allowed Bitcoin to decentralize so much. What this means is that it might still be too soon to say what the most decentralized cryptocurrencies are, but I have a feeling that Cardano, Polkadot and possibly even Solana will be the next runners-up.
At this rate, it looks like we will only find out for sure when the regulators come around and given the exponential rate of crypto adoption, it’s only a matter of time before they come unlocking.”

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Featured Image: Shutterstock/IvaFoto/MrArtHit/Natalia Siiatovskaia
The post Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau appeared first on The Daily Hodl.


A popular crypto analyst is naming the top five most decentralized cryptocurrencies. In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos. “There are five lay...

dailyhodl.com

Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau

Litecoin has launched the new privacy-focused MimbleWimble upgrade. The changes have proliferated across the network for use by LTC wallets and nodes. Will it bring new enthusiasm to the flagging PoW coin?
Released earlier this month after a majority of nodes approved the MimbleWimble (MWEB) update, the upgraded implementation will be able to transact with new MWEB privacy features. 

The upgrade was completed at Litecoin block height of 2 million.
Lower Fees, More Privacy, Throughput, and Scalability for LTC
In the wake of MimbleWimble’s release, the update’s lead developer, David Burkett, had an urgent announcement for Litecoin node operators:
“Anyone interested in using the MWEB, and especially those who installed one of the earlier release candidates, should upgrade to the official v0.21.2 before MWEB activates. If you wait until after MWEB activation to upgrade, you’ll unfortunately be required to resync the blockchain from scratch.”
The MimbleWimble Litecoin update has been the cryptocurrency’s most hotly anticipated upgrade. MWEB not only introduces new privacy features for LTC users but also offers the blockchain key performance upgrades. 
In addition to enabling confidential transactions on the Litecoin blockchain, MWEB removes unnecessary transaction data from the blocks through compression.
That decreases the block size for greater speed and scalability with more transaction bandwidth per block. It also allows new nodes to join Litecoin’s proof-of-work consensus network with lower initial computing costs.
Reducing the cost to join the network as a node is a tradeoff.
Security proponents, for example, would say it decreases the security of the blockchain to a 51% attack. But MimbleWimble and other scalability proponents would say it increases useability, cuts costs, and reduces centralization of mining.
Will MimbleWimble Save the Falling Litecoin price?
The locked-in and propagating LTC upgrade is more good news this month for the crypto. Gucci announced in early May that it will be accepting Litecoin for payment later this month. Last month, LTC Labs and Antpool partnered for a foray into crypto-anonymity and Dapps.
Will the MimbleWimble upgrade be enough to bolster Litecoin’s fortunes after a year of sliding LTC prices on crypto exchanges? In the short term, that’s unlikely. Crypto exchange markets have hardly reacted to the upgrade news, as LTC slid further along with BTC and ETH in a bear of a crypto market headwind.
But over the long term, Litecoin’s network and developers are laying the groundwork to remain relevant, disruptive, and deliver value to users. Part of LTC’s barrier to wider adoption in the crypto world is that many crypto enthusiasts and investors would just rather have BTC.
So Litecoin is onto the right idea with crypto-anonymity and blockchain DeFi research and development. Rather than resting on its laurels with the marketing gimmick “we’re silver to bitcoin’s gold,” this older cryptocurrency is moving to specialize in the blockchain ecosystem by adding more unique value propositions to its underlying tech.


Will the new MimbleWimble update for Litecoin be able to catalyze any meaningful developments for its price?

cryptopotato.com

Can Litecoin Reenergize Users With New MimbleWimble Upgrade? (Opinion)

Adam Aron – CEO of AMC Theatres – revealed that cryptocurrencies and other digital payment methods accounted for more than a third of the online payments for the company during Q1, 2022. The largest movie theatre chain in the world accepts several digital assets, including Bitcoin, Ether, Litecoin, Bitcoin Cash, Dogecoin, and Shiba Inu.
AMC’s Decision to Embrace Crypto Labeled a Success
Last year, the entertainment firm jumped into the digital asset ecosystem by allowing customers to purchase tickets through all the US-based theatres in bitcoin. A month later, it expanded the offering, adding Ethereum, Litecoin, and Bitcoin Cash. Earlier this year, AMC Theatres enabled clients to make online payments for tickets using two of the most popular memecoins – Dogecoin and Shiba Inu.
During a Q1 2022 earnings call, CEO Adam Aron revealed that cryptocurrencies and digital settlement methods formed approximately 35% of the entity’s online payments during the first quarter of the year:
“Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments.”
In addition, Aron disclosed that AMC marked a significant improvement during this period compared to Q1, 2021, fueled mainly by the decreasing impact of the COVID-19 pandemic. Total revenue grew from $148.3 million to $785.7 million, while net loss decreased from $567.2 million to $337.4 million.


AMC announced 1st quarter 2022 earnings today. Revenues up 5-fold vs. Q1 of 2021. EBITDA loss reduced by 80%. Revenues per patron up 34% over 2019 pre-pandemic. Dr Strange opening was the biggest of 2022, and the 2nd biggest in the last two years! Go see it! Congrats @Disney.
— Adam Aron (@CEOAdam) May 10, 2022

AMC and NFTs
The CEO further revealed that the entertainment company has eight programs involving non-fungible tokens. Those have either been launched over the past several months or will be introduced at some point in the future.
Such a project was AMC Theatres’ decision to offer 86,000 digital collectibles to early buyers of the latest Spider-Man film last year. The NFTs were in 100 different designs while the company promised they were “eco-friendly” built on the WAX blockchain.
The initiative created massive enthusiasm among film fans. Aron disclosed that customers were rushing to buy tickets for “Spider-Man: No Way Home,” becoming the second-biggest one-day move ticket sales in AMC’s history. The record belongs to “Avengers: Endgame.”


Digital assets like Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin, and Shiba Inu formed about 35% of AMC's online payments during Q1 2022.

AMC CEO Reveals the Total of Crypto Payments Made in Q1

Litecoin major update MimbleWimble (MWEB) has been approved by a majority of the nodes and locked in for activation. This process will be completed in the next two weeks, at the height of block 2 million, or May 19th, according to David Burkett, lead MWEB developer.
Related Reading | Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over?
Burkett confirmed that users with the updated version (0.21.2) of the software will be able to start transacting with MWEB capabilities. This version is set to be released today after multiple years of development. Burkett said:
Anyone interested in using the MWEB, and especially those who installed one of the earlier release candidates, should upgrade to the official v0.21.2 before MWEB activates. If you wait until after MWEB activation to upgrade, you’ll unfortunately be required to resync the blockchain from scratch.
The most highly anticipated upgrade since its inception, MimbleWimble will provide Litecoin users with better performance and privacy capabilities. This could create more demand for the underlying cryptocurrency as it currently trades in tandem with larger cryptocurrencies.
The lead developer clarified that the upgraded wallet has been “solid”. However, there have been some changes as a result of fixed issues found during the update’s testing phase.
In a previous post, Burkett explained in greater detail some of the issues fixed during MWEB’s testing phase. These included fixing the wallet transaction history, issues with the mining logic, and a change in the spend code to prevent a bug with the subtract fee from amount functionality.
The developer successfully reported:
(…) the consensus logic has been solid for a while now, the wallet has undergone drastic changes these past few months as we worked to resolve issues found during testing. The major workflows all seem to be working well now, and I expect most people to be able to use MWEB without issue
Can The Price Of Litecoin Benefit?
At the time of writing, Litecoin (LTC) trades at $96 with a 22% loss over the past month and a 73% loss in one year. There seems to be no reaction from market participants over the upcoming release of MimbleWimble.
 LTC’s price on a downtrend on the 4-hour chart. Source: LTCUSD Tradingview
Despite it being one of the most anticipated updates, LTC’s price seems to be following Bitcoin and larger cryptocurrencies in the short term. Data from material indicators point to two important facts for the future of LTC.
First, as seen below, retail and small investors (yellow and green in the chart) have been buying into the recent price action which supports the thesis that MWEB is an expected update. Probably, these investors expect appreciation in the long run as MimbleWimble could open the door to new use cases for Litecoin.
 Retail investors (in green and yellow in the chart) buy LTC, as large investors sell (In purple and red) since April 2022, in a 1-week timeframe. Source: Material Indicators
Other investors classes have been selling into the price action until very recently. Investors (in purple above) with asks orders of over $100,000 seem skeptical about LTC’s price and have been dumping since April.
Related Reading | Bitcoin Tumbles Below $36K, Altcoins In Red Too
These investors have been slowing down on their selling pressure, at least, for short timeframes. However, buyers could have a hard time getting above $100 as there are almost $10 million in asks orders around those levels.


Litecoin major update MimbleWimble (MWEB) has been approved by a majority of the nodes and locked in for activation. This process will be completed in the next two weeks, at the height of block 2 million, or May 19th, according to David Burkett, lead MWEB developer. Related Reading &#124; Bitcoin...

newsbtc.com

Litecoin Reveals Rollout Date For MimbleWimble, Will LTC See Relief?

The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021. 
For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of  2021, the trading volume was  $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison.
Related Reading | ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND
The sharp decline in Litecoin’s value results from the negative crypto market sentiment. The price dropped 70% from its highest point, $412, attained back in May 2021.
 LTC started the day in green with a 1.72 increase, currently trading at $102.37 | Source: LTC/USD price chart from Tradingview.com
The most popular stablecoin pair for Litecoin’s native LTC was the United State Dollar Tether (USDT) in the first quarter of 2022.
Litecoin Month Wise Comparison Of Trading Volume
January 2021 was the month of Litecoin, with a trading volume of  $284.52 billion. LTC hit a single-day high of $17.99 billion. But in January 2022, LTC trading volume dropped by 89%. The coin’s approximately trading volume was $31.48 billion, with a single-day high of $2.09 billion.
Similarly, February 2021 also performed well. The trading volume of Litecoin reached around $257.49 billion, with a single-day high of $16.57 billion. However, in February 2022, the coin performance dropped by 90% compared to Feb 2021. As a result, the single-day high of Feb 2022 was $1.68 billion. 
Litecoin saw a decline in trading volume in March 2021 compared to January and February 2021. The total trading volume for March was $132.91 billion, with a single-day high of $8.08 billion. LTC trading volume was $24.98 for March 2022 with a single-day high of $1.35 billion, 81% less than March 2021.
On January 1, 2022, Litecoin opened at $146.54. On January 2, the coin reached its quarterly high of $152.94. The closing of the first quarter was $123.72. Overall a 15% decrease in Litecoin’s opening and closing price in Q1 2022.
Related Reading | Dogecoin Plummets As Investors’ Doubts After Musk Twitter Takeover Unfold
For comparison purposes, on January 1, 2021, Litecoin opened at $124.67 per coin. On Feb 20, LTC reached its quarterly high of $245.96. The closing of the first quarter of 2021 was at $197.5. Litecoin performed well during the first quarter with a 58% spike. 
LTC $100 Support Is Under Attack
Litecoin has been trading down for most of the past year. In November, LTC was below $300 after it couldn’t stay above that level. The coin has been testing the $100 level since January. However, the overall sentiment in the crypto market is still bearish. This cryptocurrency has been making lower highs, which is a bad sign, but the $100 support zone is still holding.
There was a spike in activity in wallets holding more than $100k a week ago. That didn’t cause the price of Litecoin to go up, though. Instead, it stayed bearish and kept going down. Yesterday, the sellers failed to break below the $100 support level. That was a good sign. But today, the pressure is still bearish, so the digital asset might see a breakout to the downside.
                 Featured image from Pixabay and chart from Tradingview.com
 


The interest in cryptocurrencies continues to wane in 2022, as does Litecoin&#8217;s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.  For example, the trading volume from January to March 2022 was around $82 b...

Litecoin price	$70.02
Low - High 24H	$69.09 - $70.51
Market cap	$4.93B
Volume 24H	$321.19M
All time high	$410.26 -82.90% May 10th 2021
All time low	$1.15 6006.63% January 14th 2015
Genesis date	N/A

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