Скачать или смотреть Litecoin - 101, What is Litecoin? A Complete explainer video

What is Litecoin?
Litecoin is a decentralized digital currency like Bitcoin.
It uses the same encryption techniques to transfer and create funds and to confirm transactions.

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Then how is Litecoin Different from Bitcoin?

The main difference between Bitcoin and Litecoin is that Litecoin has a larger amount of coins that can be created and it has faster transaction rates.

History of Litecoin

An ex-Google employee - Charlie Lee created Litecoin on 7th Oct 2011.
Litecoin is an open source, peer-to-peer cryptocurrency – that is a digital currency operating independently of any country’s central bank.
It was designed with an intention to complement Bitcoin by solving problems like concentrated mining pools and transaction timings.
Litecoin was the first one to identify the limited supply of 21 million bitcoins. So, Litecoin came up with a 4X supply of bitcoins.
The total number of Litecoin to ever be produced is 84 million units.
Block confirmation timing was also reduced from 10 minutes to 2.5 minutes so that a higher volume of transactions could be confirmed.

Future of Litecoin

Litecoin’s market cap growth is not expected to slow down anytime soon.
This may lead to more and more businesses adopting the altcoin, either alongside bitcoin or as a complete replacement.
New Litecoin ATMs are also being installed and a growing number of companies are slowly making the switch to Litecoin.