Litecoin: What is Litecoin? (EXPLAINED) | Cryptela [UlGKN2XijoT]
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Litecoin (CRYPTO:LTC) is a cryptocurrency that launched in 2011 to complete cryptocurrency transactions quickly and cheaply. It was developed using a copy of Bitcoin's (CRYPTO:BTC) source code, and it is one of the first altcoins, a term used to refer to every cryptocurrency other than the market leader Bitcoin.
Litecoin in its early years frequently ranked as the second-largest cryptocurrency. Its similarity to Bitcoin makes Litecoin popular among those looking for an affordable Bitcoin alternative. If you're considering an investment in Litecoin, keep viewing to learn everything you need to know.
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