Litecoin is a crypto – or cryptocurrency – that was created as an alternative to Bitcoin (altcoin) in 2011. It offers faster and more affordable transactions for customers who are looking for a crypto option. In many ways, Litecoin is similar to Bitcoin; however, it has some key differences such as having a substantially bigger supply with faster block times and modified consensus mechanisms.
Some of its features, such as Segregated Witness, Atomic Swaps and Lightning Network ensure that transactions are even quicker, secure and private. Most importantly, Litecoin makes sure it processes the payments with low fees than other crypto currencies – making it popular for everyday settlements, like paying for goods and services.
How can you use litecoin?
Litecoin (LTC) is an altcoin that offers users a way to make electronic payments quickly and securely. The decentralization of this altcoin allows it to be exchanged between users in a private and secure manner. Through the use of blockchain technology, LTC provides authentication, traceability and encryption features that help protect the validity of each transaction. Additionally, its low fee structure makes it very attractive to users looking to save money on their transactions. These features combined make LTC a great choice for anyone looking for an alternative payment method that is secure and cost-effective.
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