Litecoin Support Phone Number +1-888-780-0222
Litecoin is created by Charlie Lee, an ex-Google employee, to had the vision to create something which is lighter and cheaper than Bitcoin, hence the name. On October 7, 2011, Litecoin was released by an open-source client on GitHub. Litecoin is formed from Bitcoin, with similar features and characteristics. So, it is the fork of the Bitcoin. Litecoin is an improved version of Bitcoin will lesser brand awareness.
Litecoin is one of the most under-valued and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as “silver” of crypto world and Bitcoin referred to as “gold” of the crypto world.
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.
Some of the differences between Litecoin and Bitcoin are:
- Decreased block generation time (from Bitcoin’s 10 minutes to 2.5 for Litecoin)
- Increased total supply of coins
- Different hashing algorithm (Scrypt instead of Bitcoin’s Sha-256)
- Modified graphic user interface
- Litecoin is often mentioned as a “silver” cryptocurrency with a reference to the “golden” status of Bitcoin. At the time of writing this article, Litecoin is placed 5th in terms of market capitalization with more than 4.8 billion USD of market cap.
Is Litecoin a Good Investment?
Choosing which cryptocurrency to invest in can be a headache, especially as the markets change so quickly. One of the most successful coins of 2017 was Litecoin, which increased its value by more than 5000% in just 12 months.
Litecoin was originally created in 2011 after it forked an updated version of the Bitcoin client. This is why it’s sometimes called Bitcoin-Lite! Don’t worry, this will all be explained!
In this complete guide, we will tell you everything you need to know about Litecoin. This will begin with some background information on what Litecoin is, and whether we think it is a good or bad investment. We are also going to show you how to buy Litecoin, and which wallet you should store it in.
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