Today's LTC Price

Whatis LTC?

Litecoinis a peer-to-peer Internet currency that enables instant, near-zero costpayments to anyone in the world. Litecoin is an open source, global paymentnetwork that is fully decentralized without any central authorities.Mathematics secures the network and empowers individuals to control their ownfinances. Litecoin features faster transaction confirmation times and improvedstorage efficiency than the leading math-based currency. With substantialindustry support, trade volume and liquidity, Litecoin is a proven medium ofcommerce complementary to Bitcoin.

Features:

Ÿ   Fast processing andconfirmation - The Litecoin Network aims to process a block every 2.5 minutes,rather than Bitcoin's 10 minutes. This definitely means that it is moreeffective and the transaction costs involved are way lower and manageable.

Ÿ   Larger number of coins- Litecoin Network has a total of 84 billion, which is almost four times whatthe Bitcoin network can produce. This means that there is lesser competition inthe mining as well as greater profit margin.

Ÿ   The Scrypt algorithmthat is used in the Litecoin happens to be safer than the other hashingalgorithms. In this case, the Scrypt provides for more efficient processing powerunlike in the SHA-256 algorithm.

Ÿ   The Litecoin has verysignificant gains in the market especially in the financial year of 2017. Inthe current year, 2018, it is top ranked as having the 6th largestcapitalization in the market which by the first week of 2018 had skyrocketingscores on the profit margin.

Ÿ   In addition, theLitecoin is very flexible meaning that users can easily purchase it using otherCryptocurrencies like the Bitcoins or can be compatible with most of theexchange platforms like the Coin base, Cyrptopia among other platforms.