Litecoin (LTC) is a cryptocurrency within the category of altcoin or alternative currencies to bitcoin. It is focused on the transfer of small amounts of money; and was founded in 2011 by Charlie Lee. Like bitcoin, Litecoin is an open-source project that was designed to be cheaper and faster than bitcoin.
Both technically and technologically, the Litecoin network is almost identical to the bitcoin network since the latter was used as a model to create the Litecoin infrastructure. Some differences between the two can be noted, such as the average time between the mined blocks (2 minutes for Litecoin and 10 minutes for bitcoin) and the lesser shortage in Litecoin supply as the total supply is 84 million on the market, which is much larger compared to 21 million for bitcoin.
Litecoin, despite being a cryptocurrency that does not usually cause much media commotion and is not seen as one of the most influential cryptocurrencies in the market, has always remained near the top of the rankings by market capitalization, since Litecoin has always fulfilled the function that they have always promoted and is an alternate cryptocurrency to bitcoin that may be easier to exchange when low amounts are concerned.
In Ccoins, you will be able to buy and sell your Litecoins at the best price through hundreds of offers every day from our P2P market, register and verify your account, and you will be able to acquire your first Litecoins with Ccoins quickly and safely.
Broader issue limit: Despite being almost identical to bitcoin, in Litecoin, there is a broader issue limit of 84 million that can be mined over time.
Faster than the bitcoin network: A particularity of Litecoin compared to bitcoin is that the processing of its transactions is much faster, which is reflected in shorter waiting times for the confirmation of a transaction.
It is not as volatile: All cryptocurrencies on the market can be subject to price volatility, but one certain thing is that Litecoin is one of the least volatile cryptocurrencies of all in the short term.
Decentralized issuance: No government or organization is behind the issuance of new Litecoins, making it a truly decentralized cryptocurrency.
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Thanks to the decisions of Litecoin users and the proper functioning of the cryptocurrency, Litecoin has been established as a ‘strong’ cryptocurrency. Litecoin transactions are more rapid than those involving its older brother, bitcoin.
Now, with Ccoins, you can send funds in the cryptocurrency you want without having to already own it in that cryptocurrency. Thanks to our Send Auto Flip tool, you can use the balance of another cryptocurrency to send funds in the cryptocurrency of your choosing.
Of course. If a user or friend sends you Tether, for example, you can receive the transfer in Litecoin thanks to our Receive Auto Flip tool.