what is litecoin?

[Crestie C. Tuvilla]

Litecoin (LTC or Ł[3]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[4] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[4][5] The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

[Eben]

In a nutshell, it’s a cryptocurrency like many others, built on a similar framework and ideal as bitcoin itself. Created by an ex-Google employee a few years after the first cryptocurrency, it’s now one of the most commonly traded crypto-coins out there, with a market value in the billions.

[Sherry_mae]

Litecoin (LTC or Ł[3]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[4] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[4][5] The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

Litecoin was made 2011 2 years after the bitcoin created and the litecoin is using different algorithm. And the litecoin is light weighted and more abundant than the bitcoin for the Litecoin created 84 billion while the bitcoin only made 21 million. And the transaction of litecoin is more faster than the bitcoin for its block spacing of 2.5 minutes.

[Khuntul]

indeed LTC like BTC, and now i prefer ltc compared to btc.

[jbc081475]

indeed LTC like BTC, and now i prefer ltc compared to btc.

It is a cryptocurrency like many others built on a similar framework and ideal as bitcoin itself.Created in a few years after the first cryptocurrency.It is now one of the most commonly traded crypto coins out there, with a market value in the billions.Litecoin is more faster than the bitcoin for its block spacing of a few minutes.

[Burdogs]

Litecoin (LTC or Ł[3]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[4] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[4][5] The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

I think 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.

[idranus]

although different bitcoins have similarities with the same bitcoin received many websites as a transaction medium

[eldial]

I think litecoin is part of many tokens in the market and it will be belong to a cryptocurrency  but the good of litecoin the price maintained permanently because this is under controlled and connected into government such as not decentralized coin.

[Bobcrypto]

In addition, Litecoin was a fork off of the Bitcoin Core client with a few notable changes and improvements such as decreased block generation time, utilizing different hashing algorithms and decreasing the time needed to process payments.
It 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.

[mojerjer]

I think litecoin is part of many tokens in the market and it will be belong to a cryptocurrency  but the good of litecoin the price maintained permanently because this is under controlled and connected into government such as not decentralized coin.

Yeah right.Litecoin has not been a decentralized and should not belong in cryptocurrency like Bitcoin but this coin has the potential in the future.

[Mbah Jenggot]

Litecoin (LTC or Ł[3]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[4] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[4][5] The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

In my opinion litecoin is faster transaction speed and cheaper transaction fee. It is very potential coin.

[Pabloiscobar]

Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's 'gold'. At the time of writing, Litecoin  has the highest market cap of any mined cryptocurrency, after bitcoin.

[Hadisularto]

Litecoin is an electronic money made in 2011 and open source software under the MIT / X11 license, Litecoin one of the Cryptocurrency born after the Bitcoin era.

[Negan]

Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's 'gold'. At the time of writing, Litecoin  has the highest market cap of any mined cryptocurrency, after bitcoin.

[Bitdog]

The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. The developers claim that this allows Litecoin to have faster transaction confirmation