Litecoin P2P Digital Currency

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“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.

Litecoin is a excellent coin for online gambling. One of the reasons for that is their similar technology. However, there are some differences between the coins as well. Litecoin has an advantage over Bitcoin, namely that the transactions of the Litecoin network take place much cheaper and faster. This is why more and more people choose to use Litecoin in a online casino just like anonuymous or Betcoin. This is the reason why Litecoin casinos have gained a lot of popularity recently. Gamblers who use Litecoin really like the fact that you don’t have to wait for a long time before a transaction is made.

News / 23 May 2018

Use Litecoin, Bitcoin Cash and Dogecoin to gamble at mBit Casino

Cryptocurrencies become more mainstream every day. Nowadays everyone has heard of Bitcoin and popular altcoins like Ethereum, Litcoin, Ripple and NEO. Cryptocurrencies are now supported by online casinos as well. One of the frontrunners is mBit Casino. It just announced that will support three new cryptocurrencies besides Bitcoin. These are Bitcoin Cash, Litecoin and Dogecoin. Especially the fact that Dogecoin is supported makes it special, …

News / 23 March 2018

The investing platform Abra uses Litecoin

Abra announced to use Litecoin as the primary asset class for their investment platform. Abra makes it quick and easy to invest in the populair cryptoassets like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and many more. There is no need of managing the complexity of multiple wallets. How does it work? Abra uses a smart contract-based investment platform that allows the creation of synthetic digital assets (e.g. stablecoins) based on …

News / 22 March 2018

Why digital coins should be a part of Online Poker

It’s still uncertain what the future will be for cryptocurrencies. The number of people who buy a cryptocurrency is growing every day, as are the wallets. At the moment there are already hundreds of them, of which Bitcoin, Ethereum and Litecoin are the most famous ones. More and more companies are interested in using cryptocurrencies and nowadays you can even pay with some. The use of cryptocurrencies in the gambling market There are still some …

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