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Litecoin, an emerging online cryptocurrency.

Litecoin, an emerging online cryptocurrency.

December 13, 2017 6:33 am,

Litecoin (LTC) is a blockchain based decentralized network facilitating payments for buying goods or services. There are no fees to receive payments and no charge-backs attached. All transactions are recorded on a public ledger that is the blockchain. This ensures that payments are immediately verified.

With LTC, you can send money anywhere in the world, spontaneously.  The transaction charges are also minimal as compared to other modes of money transfer like bank charges, credit card companies, and other digital payment processors.

This platform works using a secured software that allows you to make payments as easily as sending a mail. There is an option to send and store securely on your computer or mobile phone, all your transactions.

The total supply of LTC is capped at 84 million. This will eliminate the inflation risk factor which would otherwise decrease the value of your Litecoins.

The entire functionality of Litecoin can be summarized as:

  • Start by watching the introductory mail
  • Download a Litecoin wallet
  • Buy these coins from an exchange
  • Purchase goods and services using the coins
  • Integrate Litecoins in your application
  • Get help, if any needed, from the platform’s community

Study more of Litecoins here:

You can easily purchase and sell these coins on a number of exchanges using all types of currencies.

Find the one that’s right for you and get coins in minutes.

This digital currency LTC overtook IOTA and Ripple and became the world’s fourth-largest cryptocurrency in terms of market capitalization after bitcoin, ethereum and bitcoin cash. Its current market value in rupee is at approximately Rs. 17000(as on 12/12/17).

At this day, considering the year-to-date basis, LTC has surged over 5,700 per cent, whereas bitcoin has gained 1,550 per cent during the same period.

This coin was created by Charlie Lee who was a former Google employee and Ex-Director of Engineering at Coinbase.

While we all are going crazy behind Bitcoin and it has indeed had a great year, breaking through several price levels and enjoying a meteoric rise, Litecoin has experienced an even stronger rally we are unaware of.

Bitcoin has risen to as much as $17,364.56 on the CoinDesk Bitcoin Price Index (BPI), representing a year-to-date gain of more than 1,600%.

The digital currency has climbed even more by some measures, surpassing $18,300 on CoinMarketCap. LTC has hit its latest all-time high, gaining momentum up and above 4,000% in the current year.

Litecoin with 5,700% return in 2017 is giving serious competition to Bitcoin!