Litecoin (LTC)

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Truth & Facts[edit]

  • Litecoin is an open source peer-to-peer (p2p) cryptocurrency for payments.
  • Based on blockchain technology.
  • Fully decentralized global payment network. No any bank or central authorities are involved.
  • First release in 7 October 2011.
  • Creator: Charlie Lee
  • Uses 'Scrypt'.
  • Faster block generation rate, which enables the network to support more transactions without the need to modify the software in the future.[1]
  • Instant and almost zero payment cost.
  • Faster transaction confirmation and verification time.
  • Empowers individual to control their own finances.
  • Improved storage efficiency.
  • Released under the MIT/X11 license, which gives you the power to run, modify, and copy the software and to distribute modified copies of the software.[1]
  • Able to handle higher transaction volume compared to Bitcoin.
  • No chargeback.
  • Stable value. A fixed amount of 84 million Litecoin is available, which prevents inflation from happening where the value of Litecoin will decrease.

Video Playlist[edit]

Frequently asked questions[edit]