Litecoin buy Litecoin was born in 2011, it is a project that was led by Mr. Charlie Lee, a defector from Google. He was also the former director of engineering for the COINBASE platform. To its credit, the project was carried out transparently, with engaging communication on social media. Litecoin tries to respond to the same solutions as Bitcoin.
In particular by eliminating trusted third parties, or intermediaries from the banking system. Sharing a similar code, Litecoin is an evolution of Bitcoin. However Litecoin is optimized to operate much more efficiently than Bitcoin. In particular with regard to the validation process of transactions on the Peer-to-Peer network. Indeed, on the Litecoin Blockchain a new block is created every 2 minutes 30 seconds. While on the Bitcoin Blockchain, it takes 10. The other notable difference concerns the limit on the issuance of units of currency. While the maximum number of Bitcoin cannot exceed 21 million, the limit has been set at 84 million for Litecoin.
Buy Litecoins There are many platforms that make it easy to buy Litecoin with a bank card, or via wire transfer. Coinbase is one of the most popular and used Litecoin exchange platforms in the world. It is also possible to acquire Litecoins with a simple bank card directly on Bitit or CoinHouse. Two specialized platforms offer a fast service, with the corresponding level of fees. The crypto sphere is evolving rapidly by offering new, ever more practical proximity solutions for those wishing to buy crypto currencies.
For example, the Bit Boat website has set up a service to buy Litecoins in cash from a post office, or tobacco. Mining, the other alternative to buy Litecoin Litecoin mining is a more interesting alternative. It is much more accessible than Bitcoin mining. It requires extremely powerful computers. In particular, the use of dedicated Asics computers (Asics: English acronym meaning Application-Specific Integrated Circuit, or in French "integrated circuit specific to an application"). Also, a phenomenal amount of energy (1% of the energy in the world would be spent mining Bitcoin alone). It is therefore possible to mine Litecoin with a computer accessible to the general public.
The proof of work is based on the use of the Scrypt algorithm. Miners are rewarded with 25 Litecoins per block mined. The cryptocurrency community supporting Litecoin often uses the following joke: Litecoin has the qualities of Bitcoin without its flaws, its only problem is that it is not Bitcoin. The most enthusiastic think that Litecoin can be bought cheaply today, convinced that this cryptocurrency will eventually replace Bitcoin. He is considered too archaic and incapable of solving his intrinsic problems. Especially the size of its block set at 1 MB, while the Bitcoin community is considered too dogmatic to accept an evolution of the mother of all crypto currencies. Still, today although Litecoin is one of the most widely used cryptocurrencies in the world. And despite the desire to break with the philosophy of its elder Bitcoin. Litecoin has so far failed to break away from Bitcoin, as evidenced by their prices, which are still strongly correlated to this day.
buy litecoin LTC Keep your Litecoins after purchase Once the purchase of Litecoin is completed, the custody of the cryptocurrency is done in a cryptocurrency wallet. There is an official and free wallet for Litecoin available for download on the site https://litecoin.org/en/. There are also many ways to store purchased Litecoin, and solutions allow you to use a Litecoin wallet on your smartphone.
Finally, for long-term storage or for large amounts of Litecoin
