What Is Litecoin?

Discussion in 'Litecoin Discussion' started by CarlosR, Dec 7, 2017.

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  1. CarlosR

    CarlosR New Member

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    What Is Litecoin?
    Litecoin is a peer-to-peer cryptocurrency and open source software project. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was created during October 2011 by Charles Lee, formerly a Google engineer.

    While inspired by, and in most ways technically nearly identical to Bitcoin, Litecoin has some code improvements over Bitcoin such as the adoption of Segregated Witness (SegWit), which increases block size limits on a blockchain, and the Lightning Network which enables bi-directional payment channels. Together, these effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, which have been seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
    The Question is how to invest in currency market? Especially in Litecoin
     
    Last edited: Dec 8, 2017
  2. CarlosR

    CarlosR New Member

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    Litecoin prices, which have been having a great year, recently surged to a fresh, all-time high.

    The digital currency, a fork of Bitcoin, rose to as much as $132.34 earlier today, according to CoinMarketCap.

    By reaching this level, Litecoin has risen more than 2,950% from its price of roughly $4.33 at the start of 2017, additional CoinMarketCap data shows. As Litecoin prices have climbed this year, market experts have emphasized this tight relationship.
     
  3. paricpo

    paricpo Member

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    Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's 'gold'. At the time of writing, Litecoin has the highest market cap of any mined cryptocurrency, after bitcoin. Here's our guide to show you the crucial difference between bitcoin and litecoin.
     

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