What is Litecoin (LTC)?

The first question anyone considering investing in cryptocurrencies should ask themselves is ‘What is Litecoin?’. Litecoin is a cryptocurrency that was created in 2011 by Charlie Lee, a former Google engineer. It is often referred to as the “silver to Bitcoin’s gold” because it is based on the same technology as Bitcoin, but offers several key differences.

What is Litecoin used for & how does Litecoin work?

Litecoin uses a decentralized ledger called the Litecoin blockchain, which is maintained by a network of nodes that validate transactions and add new blocks to the chain. This blockchain is designed to be faster and more efficient than the Bitcoin blockchain, with a block time of just 2.5 minutes compared to Bitcoin’s 10 minutes.

One of the key features of Litecoin is its use of a different hashing algorithm than Bitcoin. Litecoin uses a hashing algorithm called Scrypt, which is designed to be more memory-intensive and harder to mine with specialized hardware. This makes it more accessible for individuals to mine Litecoin using regular personal computers.

Litecoin also has a larger supply cap than Bitcoin, with a maximum supply of 84 million compared to Bitcoin’s 21 million. This means that there will be more Litecoin in circulation, which can help to make it more accessible and affordable for everyday transactions.

In terms of market adoption, Litecoin has gained significant traction in the cryptocurrency community, and is widely used for online transactions and trading. It is supported by a range of wallets and exchanges, and can be easily bought and sold on a variety of platforms.

Overall, Litecoin is a fast, efficient, and accessible cryptocurrency that offers several key differences from Bitcoin. Its use of the Scrypt hashing algorithm, faster block times, and larger supply cap make it an attractive option for individuals and businesses looking for a reliable and affordable digital currency.

How do I buy Litecoin?

The easiest and most secure way to Buy Litecoin is to download Atlas Wallet. You can also visit our How To Buy Litecoin guide.

Litecoin (LTC) Wallet

Atlas Wallet is the No.1 wallet for your Litecoin & other digital assets. With Atlas Wallet you can Buy LTC direct with a debit or credit card or Swap other tokens for Litecoin quickly & securely. Download Atlas Wallet today to Buy, Swap, Receive, Send & Store LTC and 1000s of other digital assets.

Buy Litecoin & store LTC securely
in your Atlas Wallet.

You can buy from $10 to $10 million worth of Litecoin using Atlas Wallet! Easily download from App Store, Google Play or Chrome Web Store, & begin investing in Litecoin instantly, with no registration required.

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