Litecoin is a digital currency, otherwise known as a cryptocurrency. Litecoin is not controlled by any central bank or government, and functions on a decentralized global payment network. Individual buyers and sellers of Litecoin can manage their own finances without bank intervention, regulations or oversight. Litecoin is denominated by the ticker LTC, and transactions are processed rapidly. The idea to create Litecoin was conceived by Charles Lee in , and he is now the director of engineering at Coinbase.
Litecoin is associated with substantial liquidity and high trading volumes. It is not designed to replace Bitcoin, it is a complement to it. This open source software concept is easily accessible to anyone on the network. The blockchain network that Litecoin operates on processes much higher volumes than BTC, and no software modification is required on the network. As with other leading cryptocurrency options, the encryption technology with the LTC wallet is top-tier, and clients will be required to enter their password every time they transact with LTC.
The maximum supply of this currency on the markets will be capped at 84 million Litecoin. Many people consider Litecoin to be the 1 competitor to Bitcoin, since both operate with blockchain technology where transactions are processed by nodes. Top 5 Litecoin-brokers in Nederland - Dec. Cashback Reward Tight Spreads. Zero Spread Account Min. We do not provide a listing of each and every company in the market. The information which appears on this site is subject to change at any time.
We aim to help users make an informed choice that best suits their particular needs. Litecoin Litecoin is a digital currency, otherwise known as a cryptocurrency.
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