To learn more about Litecoin you can view Litecoin statistics, prices, trends and Litecoin mining hash rates and LTC miner pools. Find out where to buy Litecoin with a debit card and how to mine Litecoin as well as step by step tutorials on how to build Litecoin mining rigs.
What is Litecoin?
Litecoin is a peer-to-peer, open source cryptocurrency that allows users to pay for online transactions at a very low cost, no matter where they are in the world. Litecoin’s blockchain is fully decentralized and therefore no single person can claim ownership of the entire payment network. The system is secured by mathematical computations in order to empower people to manage their investments responsibly.
Litecoin is guaranteed to speed up the confirmation process in a digital transaction and raise the storage efficiency beyond that of leading cryptocurrency coins. With the backing of major companies, individual traders, and high liquidity, Litecoin will one day be able to compete with Bitcoin, as a medium of exchange. There are quite a few communities to check out if you are interested in learning the basics of Litecoin such as the forums or the official subreddit. To find other Litecoin users, go visit the official Twitter page.
Under the resources section, you will find more information about Litecoin services and exchanges so you can start trading. Their wiki page explains clearly how to buy Litecoins and includes a detailed price chart of its value over the past few months. And for those of you who are interested in contributing to the developer’s projects, go view the source code on GitHub under Litecoin Core.
Litecoin was released under the MIT/X11 license, meaning you have full access to its software in case you wanted to make some modifications, copy the software itself, or distribute alternative versions onto other platforms. To use Litecoin’s software, you are required to verify binaries and their corresponding source codes. Their blockchain is able to handle a relatively high transaction volume, unlike its counterpart Bitcoin.
Thanks to a greater number of generated blocks, the Litecoin network is capable of supporting more transactions without any other modifications. Now, merchants receive faster verification times while having the ability to wait on confirmations whenever they must sell more expensive items. It features wallet encryption, which adds extra security to your crypto wallets. You can view your account balance, though you must enter a password before you’re allowed to spend Litecoins.
And last but not least, mining enthusiasts will be rewarded with 25 new Litecoins per block mined. You have to be quick since this amount is halved every 4 years. The current estimate for the coin capacity rests at 84 million Litecoins.
Coming soon to LTC Litecoin
See reviews on the best Litecoin mining hardware including ASICs from Bitmain and DragonMint.
Buy Litecoin, Sell Litecoin and Trade Litecoin
You can also learn which exchanges like like Coinbase, Cryptopia, Binance and GDAX are best to trade Litecoin. Also discover which cryptocurrency trading bots are best to keep your crypto trading portfolios on places full of this blue chip cryptocurrency bested only by Bitcoin, Ethereum and BTC.