Today we are covering an topic of Litecoin – an altcoin ranking 7th on Coinmarketcap. We’ll talk about the history of Litecoin, LTC mining, how to buy Litecoin, and more.
Litecoin is one of the earliest forks of Bitcoin. It’s basically a copy of Bitcoin, but way faster. The thing with Litecoin is also that the transaction fees in its blockchain are significantly lower than in Bitcoin blockchain. If Bitcoin is the mother of all cryptocurrencies, Litecoin could be considered to be the first born, it’s the first significant altcoin.
To introduce you to what is Litecoin and how it works, let’s take a step back and see how cryptocurrency works in general.