- Buying Bitcoin
Easily buy Litecoin for Dollars, Euros and Pounds.
Buying Litecoin (one of the first cryptocurrencies) is available on various cryptocurrency exchanges. Both on the cryptocurrency exchange BitBay as well as on other exchanges.
However, before you decide to buy Litecoin, it is worth getting acquainted with what distinguishes this electronic currency. The technological structure of the Litecoin blockchain is very similar to Bitcoin, with the difference that it has been designed to be more efficient. The block transfer and processing speed was 4 times faster than Bitcoin. This is what caught the attention of early investors.
Litecoin was launched in 2011, when the purchase of Bitcoin was already possible and was hailed “digital silver” shortly after. Currently, the purchase of Litecoin is possible, among others, on the BitBay cryptocurrency exchange.
Registration – Bitcoin exchange and BitBay cryptocurrency exchange
Litecoin is an encrypted electronic currency based on a blockchain network and a peer-to-peer system. Blocks are processed in 2.5 minutes, which means that transactions are four times faster than Bitcoin (10 minutes). The Litecoin network was designed in such a way that 84 million Litecoins could be mined, which means that the target will be about 4 times more than Bitcoin.
The creator of the Litecoin cryptocurrency is Charlie Lee, who previously worked at Google, and then was a director in one of the largest cryptocurrency exchanges – Coinbase. Due to the Chinese origin of the founder of Litecoin, it is also sometimes referred to as “Chinese cryptocurrency”. This digital currency is an internet peer-to-peer currency that enables instant worldwide shipping at a relatively low cost. Litecoin is a fully decentralized trading system and its operation is not supervised by any administrators. Control is the system itself and the users who use it. I wonder if, due to the regional proximity of origin, they will enter into cooperation with some larger electronics manufacturer such as Huawei, Xiaomi, Samsung or LG originating from Asia.
It is worth emphasizing that Litecoin is an open-source program, available under the MIT / X11 license. Thanks to this, it is possible to run, modify or copy and distribute it, even in the case of modified versions of the system. Everything is published in a transparent manner, so you can independently verify the executable files and their source code. More informations You can find at official website of Litecoin – litecoin.org
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