What is Litecoin?   

Jack Penn
@Jack.Penn · Posted 19 Jul. 2021

Business Upside Get news analysis on Business, Tech, Finance, Entrepreneurship, Lifestyle, Health and Fitnessl, entertainment news and money saving tips.
@Business.Upside · Posted 19 Jul. 2021

Litecoin is a cryptocurrency, which was founded in 2011, exactly two years after the most popular cryptocurrency bitcoin, by a former Google employee and engineer named Charlie Lee. It could be used as an avenue for paying people anywhere located in the world without an intermediary or secondary agent vendor to process the transaction. It is the ninth-largest cryptocurrency. As of April 17, 2021, the monetary value of one Litecoin in the market was $310.73.

Lily Campbell
@Lily.Campbell · Posted 09 Aug. 2021

Litecoin is an Internet currency or a cryptocurrency, founded in 2011 and Charlie Lee is created this Litecoin. Bitcoin was founded in 2009 and then two years later Litecoin was founded. Nowadays cryptocurrency is one of the hottest topics in the market. Litecoin is one of the many cryptocurrencies available in the market. In the cryptocurrency market, Litecoin holds the 7th rank. Litecoin is not controlled by any of the countries' governments or LTC is decentralized entirely. Litecoin adopts Segregated Witness (SegWit) and the Lightning network in 2017, and become the first cryptocurrency to adopt this. Nowadays few countries legalize cryptocurrencies and few countries still do not legalize cryptocurrencies. Litecoin has become popular day by day not just because of its benefits and features but also the uniqueness that is provided to all. Litecoin or LTC has some unique features compared to other cryptocurrencies.

Below are some unique features of Litecoin,

1.     LTC allows a higher number of supply caps.

2.     LTC has a faster mining rate.

3.     LTC has a simplified mining algorithm.


Nowadays cryptocurrencies like Litecoin are easily available to everyone, which means we all can buy cryptocurrencies easily and also sell cryptocurrencies easily. In today's market, there are many apps available by which we all can buy or sell cryptocurrencies like Litecoin very easily.


Few of the best Cryptocurrency exchanges platforms are available nowadays:-

  1. Coinbase

  2. BlockFi

  3. Voyager

  4. Uphold 

  5.  eToro

  6.  Kraken

  7.  Binance 


  9.  Bitcoin IRA

10. Hodlnaut


Cryptocurrencies like Litecoin are going to be future money, it will happen in the coming years as they are started gaining momentum. Litecoin market capitalization is not as big as compared to Bitcoin but LTC is increasing its market capitalization day by day. Litecoin or any other cryptocurrency will be the future money just because they are decentralized entirely, no one or no countries government will not be able to control the cryptocurrencies. So, from this, we all can understand that they are or that cryptocurrency is an independent source of money. Litecoin is also a part of the Lightning network, so this will also help LTC to grow speedily. The transaction on LTC is completed in a minute and also LTC has a negligible transaction cost. In the peer-to-peer cryptocurrency field, Litecoin is one of the main competitors nowadays. Sometimes LTC is also called a light version of Bitcoin, but it truly depends upon the individuals. Many people said that in the cryptocurrency market Bitcoin is referred to as GOLD and Litecoin is referred to as silver.

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