What is LiteCoin?
Today I will tell you about Litecoin, the first altcoin that comes to the market after Bitcoin.
Litecoin was put on the market through GitHub as an open source on October 7, 2011, by former Google employee Charlie Lee. On October 13, 2011, the network of Litecoin passed the test. ... Litecoin has been developed based on Bitcoin's open source software and working principle.
Litecoin (LTC) is a peer-to-peer encrypted synchronous and open source software project that is marketed under the MIT / X11 license. Creation and transmission of hosts is based on the open source encryption protocol and is not managed by any central authority.
Although Litecoin is technically identical to Bitcoin (BTC), it is separated from Bitcoin and other crypto coins by technical features such as "Admission of Discrete Witnesses" and "Lightning Network". These effectively limit the potential bottlenecks encountered in Bitcoin, effectively processing more processing by the network in a given time period.
Charlie Lee is also an active Twitter User.
Litecoin's transaction fee is more cheaper and almost four times faster than Bitcoin.
Litecoin offers three notable differences from Bitcoin.
· The Litecoin Network is working to process one block every 2.5 minutes, rather than 10 minutes of Bitcoin, where developers allow faster transaction validation. Litecoin is also stronger against the double attack, according to Bitcoin.
· Litecoin uses scrypt, a sequential memory-hardening function that requires asymptotically more memory from an algorithm that is not difficult to memorize in the employment proof algorithm.
· The Litecoin Network will produce 4 times more crypto coins than the Bitcoin Network, equivalent to 84 million.
According to https://coinmarketcap.com/. Market Cap of LiteCoin is $7.774.150.207 USD, Circulating supply is 55.825.520 LTC and Max supply is 84.000.000 LTC.
Price of LiteCoin is 138$ now.
You can read how to get LiteCoin mining from HashFlare company.
https://steemit.com/bitcoin/@burakisirgan/guide-to-buy-mining-package-by-credit-card-from-hashflare
You can trade Litecoin nearly on more than 400 Crypto exchange in the world.
You can read how to register Binance here
https://steemit.com/binance/@burakisirgan/binance-borsasina-kayit-olma-rehberi
Source of images: https://litecoin.com/
Thank you