Created in 2011, Litecoin is an evolution of Bitcoin. It’s built upon a modified version of Bitcoin’s original code.
As such, the two cryptocurrencies have a lot in common. However, specific code and algorithmic changes enable Litecoin to transact quicker and more cheaply than Bitcoin. This makes Litecoin a useful method for small payments.
Litecoin is the 10th largest cryptocurrency by market capitalisation, currently valued at $4.27bn. It’s used to purchase goods and services, or make payments. It can also be bought and traded on exchanges like BTC Markets.
How can Litecoin transact quicker and cheaper than Bitcoin? Why is it ideal for small payments? How is new Litecoin created?
To learn more, read the full article at Stockhead.