Litecoin Review – electronic Crypto Currency with many advantages

Litecoin Review – electronic Crypto Currency with many advantages

Litecoin is P2P decentralized digital cryptocurrency. In layman’s term, it could be used for anything by buying your cup of coffee to online purchasing to paying the bill.

Litecoin (LTC) or popularly called Bitcoin’s silver has been released on GitHub in October 2011 from Charlie Lee. It has given its name as Bitcoin’s silver for a specific reason as Lee would like to proceed alongside Bitcoin instead of against it.

Charlie has been a solid supporter of all Bitcoin. He had earlier worked together with Coinbase which is where he started working on Litecoin. He never wanted to compete with Bitcoin. It was an enjoyable project for him. Competing with Bitcoin or becoming the next Bitcoin wasn’t Charlie’s goal. As stated by him, if Bitcoin doesn’t live, no additional coin will. He plans to earn transaction simpler and cheaper without contending with Bitcoin.

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Transaction prices of Litecoins are in cents compared to other payment Media such as credit card issuers, bank transactions etc.. All transactions have been recorded on a distributed people ledger called block chain. Block chain in a simple sentence is a register which contains all prior records or transactions done at any particular time. So we can check any trades at any time with the assistance of all block-chain.

Now we know that electronic Crypto Currency has many advantages but there are So many coins from the crypto world but which one is better? Litecoin should definitely be there in your portfolio. LTC is really a really stable and looks like it may any-day reach to the moon.

2 Responses to “Litecoin Review – electronic Crypto Currency with many advantages”

  1. Grover Honerkamp December 22, 2017 at 7:51 am

    You have remarked very interesting points! ps decent site.

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