The Scarcity of Money: The Case of Cryptocurrencies


Five years after the introduction of the peer-to-peer payment system and digital currency bitcoin, cryptocurrencies have flourished and become a global phenomenon. Concerns regarding the impact of cryptocurrency on financial stability and the conduct of monetary policy have drawn regulatory scrutiny and formal policy stances on this emerging phenomenon. The main purpose of the present […]


Litecoin’s Difficulty Falls to 2016 Lows

Litecoin’s difficulty has fallen to the lowest level in 2016 after the recent difficulty update. Litecoin is losing its luster as the ‘silver to Bitcoin’s gold’ as other cryptocurrencies like Ethereum gain in popularity.


Litecoin presently holds the number two rank in cryptocurrency market capitalization. Released on October 13th, 2011, Litecoin is an early fork of bitcoin that was designed by its creator, Charlie Lee to be ‘silver to bitcoin’s gold.’ Litecoin’s block confirmation times are four times faster and total possible supply is quadruple that of bitcoin. Charlie […]