Litecoin introductionsteemCreated with Sketch.

in #steemit7 years ago (edited)

logo.png

Litecoin is one of the cryptocurency (peer to peer Internet Currency) that can be used as an instant payment in the world. You can transfer litecoins anywhere, anytime, and to anyone without any hindrance to a third party (bank and so on). Litecoin has a Bitcoin-like base but is different from Bitcoin. The difference is in the more efficient mining phase (scrypt based mining proof of work algorithm) that can be used on the computer in general, the transfer process is faster. Litecoin only produced as much as 84 million, a quarter smaller than bitcoin.
The author's introduction to Litecoin is still not very deep, but there are some potential points about litecoin:
Litecoin potential is as good as bitcoin, but it has not been supported by strong infrastructure such as bitcoin, marketplace, merchant, and storage. Wallet litecoin has not been so much and still rely on the wallet available on litecoin.org. Mobile version is not yet available and similar software has not been too much. Compared to Bitcoin, there have been many types of wallets available.
Potential Mining is easier than Bitcoin. At a glance I read that with ordinary computers in general we have been able to do mining litecoin, compared with ASIC Mining based Bitcoin (I myself have not understood how to him).
How does Litecoin position compare to Bitcoin, some say it can be compared like gold and silver. It may happen in the future, but the dynamics in the future can change rapidly. It all depends on many things.

read more here: https://litecoin.org/

my other post :
short history of ripple coin (XRP)
The beginning of Dogecoin

Sort:  

There are some mobile wallets available now on IOS probably android as well but im not sure about that as i have an IOS phone

yes i notice that ... but i prefer the official litecoin github wallet

You want better than LiteCoin? it's Dash

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 62659.86
ETH 2534.03
USDT 1.00
SBD 2.63