Steemit Crypto Academy Season 2, Week 1 Homework Post For [@yohan2on] || Altcoins - All about the Litecoin ( LTC)
Altcoin
Altcoins are digital currencies other than Bitcoin. They have same qualities like a Bitcoin but on the other hand are not quite the same as bitcoin. We can say that all the crypto coins except bitcoin are known as altcoins.
Litecoin
Litecoin is a distributed cryptocrrency and open-source programming project introduced under the MIT/X11 permit. It is represented by LTC.
source
History of Litecoin
Litecoin was introduced by an open-source customer on GitHub on October 7, 2011 by Sir Charlie Lee. He is a Google worker who later became Engineering Director at Coinbase.The Litecoin network went live on October 13, 2011.
Litecoin is different from bitcoin
The working of litecoin is very fast as litecoin produces new block every 2.5 minutes, but on the other hand bitcoin produces new block after 10 minutes. So it has been proved that litecoin is very fast than bitcoin.
Benefits Of Litecoin (LTC)
Just like other cryptocurrencies LTC had its own bbenefitsenefits and uses which are given below:
1.Clients can utilize it to move money to each other.
2.Litecoin used for loan services
3.Litecoin used for trading.
4.Litecoin used to pay online.
5.Litecoin used for buy goods.
Trading pairs of litecoin
Litecoin has become very popular and it has many Trading pairs.some of the trading pairs given below:
- LTC/USDT
- LTC/BTC
- LTC/USD
- LTC/EUR
- LTC/ETH
- LTC/BNB
- LTC/GBP
- LTC/SXC
- LTC/BRL
- LTC/NXN
Price of litecoin
According to coingecko :
Litecoin | Information |
---|---|
current Rank | #9 |
Price | $250.63 |
Marketcap | $16,559,902,202 |
Market Cap Dominance | 0.85% |
Trading Volume | $15,969,341,893 |
this screenshot taken by tradingview. some time before it went up at the price of almost $315 but now its current price 255.29 which is represented by green colour.
Supported Wallets
When webuy sny crypto coin we have to store it in the wallet. similraly i have collected LTC supported wallets so that snyone can store his asdets easily witjout any hurdle. These are given below:
So it is all about Litecoin (LTC) an altcoin and i have tried my best in explaining LTC.
Hi @akmalshakir
Thanks for your participation in the Steemit Crypto Academy
Feedback
You simply just tried to do the homework task. Kindly put more effort into your work. Invest quality time in your research so that you can present much better work.
Homework task
3
Ok sir thanks for your appreciation.i am just a student and my efforts as a student well but it's ok you are my professor.So I agree with you sir.
This has been shared on Facebook.
https://m.facebook.com/story.php?story_fbid=272933521165997&id=100053480529856