Litecoin was founded to act as a Bitcoin alternative to make up for its perceived shortcomings—it was developed to be “lightweight” and be more plentiful than Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
Table of Contents
Litecoin Introduction
1.Cryptocurrency Wallet Guide
2.How to Buy Litecoin
3.Mine Litecoin and Other Altcoins
4.A Better Investment: Bitcoin or Litecoin
5.Litecoin Wallet Clients
6.Bitcoin vs Litecoin
7.Invest In Litecoin
8.SegWit in the Wild
9.Coinbase Users
10. Second Largest Currency
11. Bitcoins in 8 Ways
12. The Purpose of Blockchain
13. Feathercoin
14. ICO
15. Understanding Cryptoeconomics
16. Cryptocurrency: The Ultimate Guide
References
Litecoin Introduction
Charles Lee created Litecoin in 2011, and it is now the 2nd or 3rd largest digital currency after Bitcoin. For those already using Bitcoin, Litecoin has a few surprises for you. The main desktop application is an enhancement of Bitcoin-QT Client, and you can download it from Litecoin website—you can also use it as a digital wallet.
Litecoin is different from Bitcoin in some ways. To begin with, the cap for Bitcoin is 21 million coins while the cap for Litecoin is 84 million.
Litecoin has begun with a mining reward of 50 coins for every block just like Bitcoin. However, the award for Litecoin halves every 840,000 blocks which is larger than the set 210,000 for Bitcoin.
The Litecoin transaction fee is slightly higher than that of Bitcoin, but again, one Litecoin is worth 0.019BTC.
Where on earth can you get Litecoin? If you are not a miner, you have to purchase Litecoin from one of the few;
• BitBargain UK
• Bittylicious
• Bitfinex
• BTC-e
• BTER
• Kraken
• Cryptsy
• Vircurex
• CoinMKT
Litecoin is still very far from matching Bitcoin’s standards and getting merchants to accept this digital currency is not easy.
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French
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Translated by Essaid Bahri
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Italian
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