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What is Litecoin?

“Litecoin is the digital currency for payments that enables instant, near-zero cost payments to anyone in the world.” – Litecoin.org

Litecoin (LTC) is a cryptocurrency that is an alternative to traditional forms of payment like cash, credit cards or checks. The technology makes it possible to transfer Litecoins in a matter of minutes without the use of third parties.

Litecoin is developed by Charlie Lee and was launched in October 2011. The amount of Litecoins is fixed, there will only ever be 84 million Litecoins. The network is open source and is fully decentralized without central authority. The network is secured by using mathematical encryption. Thereby empowering the users to have full control over their finances.

Compared to Bitcoin the features of Litecoin are: faster transaction confirmation time and improved storage efficiency. Next to these technical features, Litecoin has substantial industry support, trade volume and liquidity.

Litecoin is proven to be the medium of commerce.

Price and Market cap LTC

Best Litecoin wallet

The multi-cryptocurrency hardware wallet with the best price/quality ratio is Ledger Wallet. Use this hardware wallet for storing Litecoin, Bitcoin, Ethereum and Ripple.

Ledger Wallet protects your bitcoins