Litecoin is a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware.
Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is closely identical to Bitcoin.
ISO 4217 code: LTC
Supply limit: 84,000,000 LTC
Project fork of: Bitcoin
Developer(s): Litecoin Core Development Team
Supply Limit of Litecoin
There is a finite number of Litecoins available to be mined (84 million). Availability can also fluctuate depending on the rate at which the coins enter the market.
Usage and Importance of Litecoin
Litecoin is a form of digital money that uses a blockchain to maintain a public ledger of all transactions. It is used to transfer funds between individuals or businesses without the need for an intermediary such as a bank or payment processing service.
It allows individuals to make payments or transactions anywhere in the world with relatively low fees. And like Bitcoin, Litecoin is decentralized. There’s no centralized authority, building, or headquarters for it. The currency flows freely on the internet.
Is it Safe to Invest in Litecoin?
Yes, it’s safe to invest for long term, if you are investing for a month or so please don’t invest in Litecoin. Litecoin is for long term investors and its very solid coin. Litecoin is one of the oldest coin post Bitcoin, and have better technology then Bitcoin as well as low translation fees then Bitcoin as well.
How to Purchase Litecoin?
Buy Litecoin with Binance – The easiest way to buy LTC and cryptocurrencies using cash or credit card on the Binance Exchange.