Hey, everyone! Welcome to our “What is Litecoin?” guide!
Since the birth of Bitcoin in 2009, many other coins have entered the blockchain market. Each coin believes they offer something better, which is usually related to speed, fees or scalability.
One of these coins is Litecoin, which was created in 2011. Its aim? To be a lighter version of Bitcoin. Did you know that Litecoin’s transaction times are 4 times faster than Bitcoin’s!? That’s right, and not only that, they’re cheaper too!
If you’re reading this guide, then you must still be wondering “What is Litecoin?”. Well, hold on because I’m going to tell you everything you need to know!
First, we will give you some background information about the Litecoin blockchain, and why it was created. After that, we will explain its purpose.
You are also going to learn how the technology supporting Litecoin works and some information on its security – both the good and the bad.
So, by the end of this guide on “What is Litecoin?” you will almost be an expert! What are you waiting for? Let’s find out how the Litecoin blockchain began!