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Waves platform allows you to hold and transfer external currencies on its blockchain. Litecoin payment processor facilitate the immediate transfer of Litecoin and offer altcoins into fiat currency. Litecoin currency has and automated payment processing system named BitPay. Litecoin payments are becoming more and more popular with shops and online retailers by the thousands already accepting it as well as others cryptocurrency as part as their payment channels. They allow merchants to automate these payments and provide a host of other tools and reports to help make the whole process as convenient as possible. This enables online Litecoin payment processors to accept Litecoins as a form of payments, just as easily they accept payments from credit cards, debit cards, or Paypal. Every single gateway tokens are backed 1:1 with the real external coins.At the moment, there are gateways for Litecoin, Litecoin, ZCash, Litecoin Cash, Dash, Monero, Litecoin SV managed by the Coinonmat gateway and Ethereum, Waves Enterprise, Ergo, Bancor managed by the Waves platform gateway. This works through an established centralized Coinomat and Wavesplatform gateways: Litecoins or any supported external coins are sent to a user's personal Waves address via standard transfer and after the depositing user receives Waves based tokens (wBTC) issued in the Waves blockchain.
Mining is a distributed consensus system used to confirm pending transactions by including them in the block chain. To be confirmed, transactions must be included in a block that complies with very strict cryptographic rules to be verified by the Litecoin network. These rules prevent previous blocks from being modified because this would invalidate all subsequent blocks. With Litecoin payment processor you can process and issue invoices yourself or you can use the services of a trader and receive directly you country value or Litecoins. Mining also prevents a case where an individual can easily add new blocks sequentially in the block chain. Most stores and outlets use a tablet or mobile phone to allow customers to pay through wallets on their mobile phones. In this way, no individual can control what is included in the block chain or replace parts of the block chain to withdraw their own transactions. Mining imposes a chronological order in the block of blocks, protects network neutrality, and also allows different computers in the network to agree on the condition of the system.
Creating one-time addresses helps maintain user anonymity. Any person participating in the Litecoin network has a wallet containing an arbitrary number of cryptographic key pairs. Litecoin users can hold multiple addresses, and can actually generate new addresses without any practical limits, because generating a new address requires relatively little computational power, equivalent to generating a pair of public / private keys, and requires no contact with any node in the network. Manually-readable addresses are random 33-character long numbers and letters, always starting with 1, eg 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W. Addresses contain no information about their holder are generally anonymous. Public keys or Litecoin addresses function as the endpoint for receiving all payments.
Whether it's your paycheck, pension, or piggybank savings, money matters to us all. Indeed, with zero transaction fees and anonymous payments, both customers and merchants are adopting the use of Litecoin very rapidly. So, rather than relying on banks with their fees, delays, and fraud risk we stand for money without limits. Due to its rapidly rising popularity, different Litecoin payment gateways have been established to allow merchants accept online Litecoin payments. Dubbed the currency of the Internet, Litecoin is a fast growing mode of payment around the world. Bitocin payment processor consists of fulfilling your requirements without asking too much information, we are not interested in what you buy or transact, your payments are secure and lasts only a few minutes. That's why we support Litecoin payments and Bitocin payment processors, a global digital currency that only you can control.
Litecoin uses the SHA-256 algorithm as a proof-of-work protocol. The block chain is a common public register on which the entire Litecoin network is based. In this way, Litecoin wallets can calculate the balances that can be spent and new transactions can be checked to involve Litecoins that are actually held by the payer. All confirmed transactions are included in the block chain. The integrity and chronological order of the block of chains are empowered by cryptography. The principles of the system are described in Satoshi Nakamoto's 2008 report.