Litecoin questions - you have to know why we choose litecoin for our application!!!
1.There is more number of litecoins than number of bitcoin (around 4 times more - 84 000 000 to 21 000 000) - is it true?
2.Bitcoin is cryptocurrency gold and litecoin is cryptocurrency silver - is it true?
3.Litecoin is faster than bitcoin - is it true?
4.Litecoin is cheaper than bitcoin - is it true?
5.Litecoin almost always has less than 0.01$ for transfer - is it true?
6.Litecoin transfer takes less than 15 minutes - is it true?
7.Older, proven cryptocurrencies are more often supported for payments in online stores than new cryptocurrencies - is it true?
8.Shops offering almost all cryptocurrencies as a form of payment can have a small catch!!! Shops usually have their cryptocurrency accounts in proven cryptocurrencies that have been on the market for a very long time (for example, bitcoin, litecoin, ethereum, etc.). When paying with newer cryptocurrencies, an exchange office is automatically activated in the background, which will convert the selected cryptocurrency to the cryptocurrency that the shop has (for example, litecoin, bitcoin, ethereum, etc.). And now important!!! When paying with a new cryptocurrency, the customer may invisibly pay a commission for this conversion!!! So this is a small disadvantage of new cryptocurrencies, unless that changes someday - is it true?
9.ATM are very ok with litecoin comparing to other cryptocurrencies - is it true?
10.Litecoin is very long in market so there is a lot of already supported places - is it true?
11.Bitcoin/Litecoin to gold/silver comparison inconsistency (litecoin adventage): Physical gold transportation costs are much lower than silver transportation costs, due to weight in real life. In cryptocurrencies transportation costs of silver (litecoin) are much lower than gold (bitcoin) - is it true?
12.There have been cases in Bitcoin where a transfer of $120 resulted in a fee of $80 ($200 in total), while in Litecoin it never ever exceeded $1 - is it true?
Of the 10 selected compatible cryptocurrencies, 6 universities were to conduct speed and quality tests, take into account transaction fees and sort the cryptocurrencies by assigning them points from 1 to 10. After counting, the following results were obtained:
48 points -> 1 place (litecoin)
41 points -> 2 place (hidden)
38 points -> 3 place (hidden)
34 points -> 4 place (hidden)
31 points -> 5 place (hidden)
30 points -> 6 place (hidden)
29 points -> 7 place (hidden)
29 points -> 8 place (hidden)
26 points -> 9 place (hidden)
24 points -> 10 place (hidden)
this was the basis for implementing university payments. work is in progress, on June 23, 2025 there will be the first online presentation for computers, eventually the application will be mobile.
Hi guys, I am after presentation and I am very supprised about progress. I dont know how Krakow team did their part, but it is working faster than my 3 wallet applications on my phone!!! I am waiting for described code from their side. Probably we have to move from here, I will let you know for sure soon. I am waiting for acceptation and I will add screens from desktop application. I think it will be something really BIG, I have a lot of requests from technical schools, they also sow the presentation. We are focusing still on our part (authorization and documenting) however its not all... We have new requirements connected with ZK (zero knowledge) and "mixer for privacy". If you have some sccomplished milestones - please let me know ASAP.
Thanks and please all work hard, because we are doing something big, nobody expects this before...
Second presentation - 15.09.2025. I will be participating and let you know what is going on now. If you have questions which I should ask, email me plesase.
Good point from Vado, do you have questions for test version for all universities? And please let me know which test version is more important for you according to your implementation part - mobile test version or desktop test version? Please send questions/suggestions to 14.09.2025 20:00 max if possible, I have to combine them, thanks for questions/suggestions so far.
Hi guys, sorry for delay. Again WOW, the application is working with new features like "request for money" etc. Very good news is that in 2-3 weeks we have demo version to test for us all, so you will see by yourself. Info - please DO NOT share your code in internet, there will be our copyright. Cannot wait to show you, it is really pearl. BRs
Please send me your stable part of code to 25.09.2025 16:00 max please, we will get test 4version soon in few days. Reminder ;) Ok I've got all, compiling and I will send you all email with link. Please let me know if you need test version.
Good, it looks like all we have test version, test it please, curl, wget,... everything, but the main point is transfering litecoin, please report your all transactions with details! Time taken, amount, even where you exactly are ;) we have to be sure that we have the fastest API, and maybe we will find something to improve... So far, it is very fast... Important bugs please report me directly. BRs
Ok, we have small issue found by team from Poznan, already fixed by team from Krakow. Please send me your new versions and I will create again new test version. As you could see, it is fastest tool on market now, so please remeber to not share your code. However it have to be without bugs. Please test it, old test version will be still working, I will send new test version on emails. Thanks for your hard work so far!
New test version is ready, please test it very deep! BRs
No bugs so far? Please do not stop test it... If there will be no bugs, we will create prod version! So please test, test and test it please... And do not share your code! Best Regards Around 2 weeks of tests and we are deploying our stuff. Documentation as I heard is in 65 percent, will be ready in 2 weeks. BRs
crossing fingers ;) Info from Warsaw team - documentation 80%, still no bugs...
We have some slowdowns during transfer but really small (1-2seconds). However we are analysing this just in case
The documentation is ready, newest test version still without bugs! Any new ideas? Please let me know guys.
Hi guys, I have received strange email with strange file "secret_.txt" as attached. Anyone also received such email? Thank you for confirmations - it is probably nothing imortant for us.
Guys, we are starting with version 1.0 on 16.01.2025!!! This is already signed!!! Great job, meanwhile, our bosses are selling this in polish schools! WOW! Good that we have business man in our big team! We are invading Poland, who knows, maybe other countries in 2026? GREAT!!! Good day!!!
Ofcourse feel free to inform me about new ideas/problems... I will analyze, merge and pass your ideas, thank you! I will see bosses next week, so please inform me about any cases and ideas. As I heard, on all presentations, everybody open eyes when they see the wallet speed... Nice;)
IMPORTANT for all developers! Good news guys, there is question from some company if we can do application for DOGECOIN or DASH (both cryptocurrencies) as good and quick as for litecoin? We have to also estimate our work in manhours. This will be for real money. Please analyze your part and let me know till 27 November 2025. BRs