Ether & Litecoin Join the Ainslie Bitcoin Offer

Today we officially launch Ether and Litecoin to the crypto offering beside Bitcoin.  We’ve been selling these in the office for some time now but they are all now available for purchasing on line.

Both coins are different to Bitcoin albeit Litecoin aims to be a better version whereas Ether (using the Ethereum network) is a completely different proposition.  As usual the guys at VisualCapitalist are the masters of condensing a lot into little and visually too.  Here is how they describe each:

BITCOIN

Bitcoin is the original cryptocurrency, and was released as open-source software in 2009. Using a new distributed ledger known as the blockchain, the Bitcoin protocol allows for users to make peer-to-peer transactions using digital currency while avoiding the “double spending” problem.

No central authority or server verifies transactions, and instead the legitimacy of a payment is determined by the decentralized network itself.

Bottom Line: Bitcoin is the original cryptocurrency with the most liquidity and significant network effects. It also has brand name recognition around the world, with an eight-year track record.

LITECOIN

Litecoin was launched in 2011 as an early alternative to Bitcoin. Around this time, increasingly specialized and expensive hardware was needed to mine bitcoins, making it hard for regular people to get in on the action. Litecoin’s algorithm was an attempt to even the playing field so that anyone with a regular computer could take part in the network.

Bottom Line: Other altcoins have taken away some of Litecoin’s market share, but it still has an early mover advantage and some strong network effects.

ETHEREUM

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.

In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, ether is also used by application developers to pay for transaction fees and services on the Ethereum network.

Bottom Line: Ethereum serves a different purpose than other cryptocurrencies, but it has quickly grown to displace all but Bitcoin in value. Some experts are so bullish on Ethereum that they even see it becoming the world’s top cryptocurrency in just a short span of time – but only time will tell.”

The following graphic walks you through each (and some others as well).  Click on the graphic to go to the high resolution version at their website.

As with Bitcoin you can buy Ether (ETH) or Litecoin (LTC) in 3 ways on our website, by phone or in store – 

New Wallet - you come in to our store and we produce and load a completely off line Ainslie Crypto Wallet in front of you; 

Existing Wallet - you already have a wallet and upon payment you tell us the address to send your crypto to;

Ainslie Storage Account – we look after this all for you with individual offline wallets held at Reserve Vault. (additional fee applies).

Go to Buying Bitcoin for more info or to our Web shop to purchase.

Now, check out this fascinating info graphic….