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.
Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Litecoin • LTCUSD Crypto Chart
What Is the Difference Between Litecoin and Bitcoin
While inspired by, and in most ways technically nearly identical to Bitcoin, Litecoin has some code improvements over Bitcoin such as the adoption of Segregated Witness (SegWit), which increases block size limits on a blockchain, and the Lightning Network which enables bi-directional payment channels. Together, these effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, which have been seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
How Can I Buy Litecoin
The most common way to buy Litecoin is through cryptocurrency exchanges, such as GDAX, Poloniex or Bitfinex, or directly from other people via marketplaces and auction site. Purchases can be made in a variety of ways, ranging from hard cash to credit and debit cards to wire transfers, or even using other cryptocurrencies.
How to Choose a Litecoin Exchange
There are a number of factors to take into consideration when choosing which cryptocurrency exchange to start investing and trading with. Factors to consider include: transaction fees, accessibility, liquidity conditions, reputation, transparency and even in which country the exchange is located. At the end of the day, there is no right or wrong exchange with which to start trading, but doing your homework first is highly encouraged.