Litecoin, also known as the lite version of Bitcoin, is a peer-to-peer cryptocurrency capable of faster transactions at affordable rates. The cryptocurrency works parallel to Bitcoin with a little deviation to mining. Litecoin’s algorithm makes it easier for common people to mine Litecoins and earn money.
Charlie Lee – a former Google engineer, is credited as the founder of Litecoin cryptocurrency that came on October 7, 2011. Just after the 4 days of its launch, the Litecoin network was hosted. It is believed that for the total supply of Litecoins to come into existence, it will take more than a thousand years.
Litecoin (LTC) is designed to seamlessly transfer funds between people at low transaction costs. If you are looking to buy a Litecoin, then you can check for third-party cryptocurrency exchanges like Coinswitch .
Litecoin ensures greater security, speedy transactions, and a trustless approach. You can use Litecoin (LTC) in the following ways:
Dark Web: Litecoin was found being used as a mode of payment on the Dark Web.
Litecoin didn’t have an ICO in general, but on October 7, 2011, it was released via an open-source client on Github. Litecoins could be purchased on coin exchanges, or you can earn them by mining.
Litecoin involves the creation and the transfer of digital coins via an open-source, cryptographic protocol. Blockchain is the technology behind LTC that makes it decentralized, immutable, and transparent.
You can buy Litecoins online on any cryptocurrency exchange. Furthermore, you can earn Litecoins by mining them from your computer.
There are only 84 million Litecoins so far.
You can invest in Litecoin using the CoinSwitch Kuber app.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
Litecoinis a peer-to-peer cryptocurrency capable of faster transactions at affordable rates.
7 Cr. LTC
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