Steemit Crypto Academy | Temporada 2: Altcoins - Parte 1 "litecoin LTC" por @leydy69

leydy69 (59)in SteemitCryptoAcademy • 3 years ago

Thank God for allowing me to be here in this great community with a great teacher our teacher @yohan2on who every day supports us and gives us that knowledge to grow constantly in our daily tasks this topic is very important I read all its context and it seems an excellent task I will develop the theme of the altcoin below.

Altcoins

Altcoins are born to compete with the great currency bitcoin (BTC) also to solve the errors that this presents in terms of scalability and speed some are stable as the usdt that remains at $ 1 to combat the volatility that other currencies represent, mostly finance new projects that is to say that every day they create new tokens in block chains similar to btc these currencies are mostly decentralized which creates an ecosystem free of intermediaries and this makes the project very striking.

There are several altcoin penny that its value has surpassed the btc up to 60,000% coins that in its ico are very cheap but when they come to the market they exceed their investment expectations which generates a boom and its value increases exponentially.

I want to talk about Litecoin (LTC)

Is a decentralized currency that was created after 2011 as a direct alternative to btc wanted to call it the second most valuable currency in the world or the silver currency, being the gold currency the Bitcoin, when Charlie Lee left google to devote more time to the cryptocurrency litecoin the currency in his time cost 1LTC =0.03BTC can you imagine if it currently cost the same? it would cost approximately 2,000. currently trading at $ 323 per token date of this value is 17/04/2121

Source

What is litecoin Ltc for

As for litecoin is a decentralized currency that works very similar to bitcoin with bitcoin source codes is used to make multiple transactions that are usually much cheaper than the btc some companies accept this means of payment such as alibaba and other multinational consortiums.

LTC MINING

LTC mining is always the same consuming large amount of electricity and its mining price influences the ecosystem in countries where energy is very cheap is very fruitful mining both ltc and btc, LTC mining is based on solution of complex mathematical equations and block verification successfully, if the miner solves this block receives a reward of 50 LTC, in the year 2015 October this was reduced to 25 LTC for mining 1 block, and so it is reducing as they do bitcoin . You can mine with PC equipment in any house that meets the processing requirements.

ADVANTAGES AND DISADVANTAGES OF LITECOIN

✔Solutions to speed and cost issues.

✘Totally volatile in the market as it is a fluctuating decentralized currency.

✔Mining that can be performed anywhere in the world that have the basic supported equipment.

✘The cost of mining can be expensive due to its high power consumption.

✔It can be used for international purchases which leaves out the middlemen many companies are accepting it.

✘In several countries the use of cryptocurrencies is prohibited, e.g. Turkey.

Litecoin Ltc

Can be purchased in almost any Exchange you can also buy it with credit cards with an intermediary I like Binance that allows the purchase with credit cards and also if you want to change fiat currencies to digital currencies you can do it through your bank account and the P2P purchase system that these Exchanges offer.

You can buy litecoin through Binance in 3 steps

1Place the amount of fiat currency you want to buy.
2Automatically add the amount of tokens that you can buy.
3Add the payment method, accept the order and you have your LTC.