what is the purpose of litecoin

Last Updated on December 27, 2022 by Paganoto

What Is Litecoin? – The Motley Fool

What Is Litecoin? – The Motley Fool

Litecoin (CRYPTO:LTC) is a cryptocurrency that launched in 2011 to complete cryptocurrency transactions quickly and cheaply. It was developed using a copy of Bitcoin's (CRYPTO:BTC) source code, and it is one of the first altcoins, a term used to refer to every cryptocurrency other than the market leader Bitcoin.

Litecoin (LTC) Definition – Investopedia

Litecoin (LTC) Definition – Investopedia

Litecoin (LTC) is a cryptocurrency created from a fork in the Bitcoin blockchain in 2011. It was initially designed to address the developer’s concerns that …

Litecoin (LTC) Definition – Investopedia

Litecoin (LTC) Definition – Investopedia

Litecoin was launched with the aim of being the “silver” to Bitcoin’s “gold.” Like Bitcoin, Litecoin is a peer-to-peer internet currency. It is a fully …

What Is Litecoin? How Does It Work? – Forbes

What Is Litecoin? How Does It Work? – Forbes

Litecoin is the second-oldest cryptocurrency, forked from the Bitcoin protocol in 2011,” says Jay Blaskey, digital currency specialist at …

What is litecoin? – CMC Markets

What is litecoin? – CMC Markets

Litecoin involves the creation and transfer of digital coins via an open source, cryptographic protocol. It uses blockchain technology to record a decentralised …

What is Litecoin: A beginners guide to LTC and how it works

What is Litecoin: A beginners guide to LTC and how it works

Litecoin (LTC) is widely considered to be the first alternative cryptocurrency. It was launched on October 13, 2011, with the goal of being “the silver to …

What is Litecoin & How Does it Work? – SoFi

What is Litecoin & How Does it Work? – SoFi

The process of mining Litecoin is similar to Bitcoin and other blockchain-based cryptocurrencies. Each block of transactions is confirmed by …

Litecoin – Wikipedia

Litecoin – Wikipedia

Litecoin (LTC or Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin …

What is Litecoin (LTC)? | Kraken

What is Litecoin (LTC)? | Kraken

The two main differences are that Litecoin aims to finalize transactions faster and that it uses a different mining algorithm. On Litecoin, new blocks are added …

Litecoin (LTC) Explained – The Balance

Litecoin (LTC) Explained – The Balance

Litecoin is a cryptocurrency designed to work as a faster, cheaper alternative to Bitcoin while using similar blockchain technology.