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What is the significance of the number 84 in the world of cryptocurrency?

avatarMcDaniel McphersonNov 24, 2021 · 3 years ago3 answers

In the world of cryptocurrency, the number 84 holds a significant meaning. Can you explain what this significance is and how it relates to the crypto industry?

What is the significance of the number 84 in the world of cryptocurrency?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    The number 84 is significant in the world of cryptocurrency because it represents the total supply of a popular cryptocurrency called Litecoin. Litecoin, often referred to as the silver to Bitcoin's gold, was created by Charlie Lee, a former Google engineer. The total supply of Litecoin is capped at 84 million coins, which is four times the supply of Bitcoin. This limited supply ensures scarcity and can potentially drive up the value of Litecoin in the long run.
  • avatarNov 24, 2021 · 3 years ago
    Ah, the number 84 in the world of cryptocurrency! It's all about Litecoin, my friend. You see, Litecoin has a total supply of 84 million coins. That's quite a lot, considering Bitcoin only has 21 million. But hey, more coins means more opportunities, right? Some people believe that the larger supply of Litecoin makes it more accessible and affordable for everyday transactions. So, if you're looking for a cryptocurrency that's not as expensive as Bitcoin but still has potential, keep an eye on Litecoin!
  • avatarNov 24, 2021 · 3 years ago
    The number 84 has a special significance in the world of cryptocurrency, specifically for Litecoin. Litecoin, often referred to as the 'silver' to Bitcoin's 'gold,' has a total supply of 84 million coins. This number was chosen by its creator, Charlie Lee, to ensure a fair distribution and avoid the concentration of wealth. With a larger supply than Bitcoin, Litecoin aims to be more suitable for everyday transactions and faster confirmations. So, if you're interested in diversifying your cryptocurrency portfolio, consider adding some Litecoin to the mix!