Litecoin LTC

$136.17
Market Cap $ 7.711 Bn
24h Volume $ 311.820 MM
Chg. 24h: -0.56%
Algo. score 3.4/5  (#165)
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Litecoin project purpose and description

Litecoin clarity of purpose

Litecoin purpose and aspects

Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold

Litecoin additional differentiation against competition

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.

Litecoin categories

Digital currencyCyber security

Short description

Litecoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Litecoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Litecoin Core is the name of open source software which enables the use of this currency.

Abstract

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

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