February 28, 2020

Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. The creation of litecoin is inspired by bitcoin. It was release on October 7, 2011 and goes live six day later, October 13, 2011 by Charlie Lee, who's a Google employee and formerly worked at Coinbase.

Version 1.0 Updated 19.01.2020

Cryptopower

Litecoin

Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Lightning Network, and the Segregated Witness.

The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.

Blockchain

Payments for the cost of transfer very small compare to bitcoin and payments transfers are four times faster than bitcoin. This is because it can handle higher transaction volume than its counterpart bitcoin.

Wallet Encryption

Wallet encryption allows the security of your wallet, so that you can view your account balance and every transaction. Before spending or paying using your wallet you must supply a password to complete the transfer.

Mining Reward

Twenty five litecoins are given to miners for each block the amount which gets halved roughly every 840,000 blocks. The litecoin network can produce 84 millions more, 4 times the quantity of bitcoin.

What Can You Do With Litecoin

It can be use to pay for products online to merchants that accepts it as a payment option. It can also be use in trading sites and use as a reward to visitors of your website.

Earn Free Litecoin

Litcoin can be earn freely by visiting ltc faucets or ltc faucet list sites. They give away free ltc to visitors. Through mining by registering into Eobot which is a cloud website that gives free bitcoin satoshi and members can exchange their free satoshis into mining power or GHS. There are many coins to chose from and the site is paying. Rental of their GHS is expired after 5 years.

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