What is litecoin?

[Raffy11]

So litecoin is Internet currency that enables instant, near-zero cost payments to anyone in the world. It  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.

[Baimovic]

yes, litecoin is one of the currently evolving altcoins, I'm not sure if litecoins will be like ETHs being bitcoin partners, but that would happen if litecoin has a good market value and continues to benefit its users.

[Chrisjay29]

So litecoin is Internet currency that enables instant, near-zero cost payments to anyone in the world. It  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.

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.

[kirikmax]

If you want to learn to invest in LTC then this is a good time when LTC prices are cheap. It's 0.00923758 BTC ~ 74.3$ now

[mackstuart]

Mhhh i have not understand your post, what are you trying to say? are you trying to post what do you think about this coin? You are obviously spamming your sig.

This forum is full of those people nowadays, i dont even know why they are still allowed to be in this forum because they are like a real pest.
How the fuck can you ask what litecoin is? everybody who has been in here for at least one month, really knows what bitcoin, ethereum and litecoin are.

[yanesna3]

So litecoin is Internet currency that enables instant, near-zero cost payments to anyone in the world. It  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.

If Bitcoin is virtual gold, then Litecoin is virtual silver. At the moment, the altcoin is fairly stable, and at exchanges LTC  are easily convertible to BTC. Litecoin uses Scrypt as an algorithm for proving work, this algorithm works intensively with memory.

[nsasuiteb]

Looking from a broad perspective, Litecoin ia really a light version of bitcoin. As bitcoin is too big, litecoin is good to test somethings before implementing them into bitcoin

[Javanewstar]

Is this your first contact with cryptocurrency? You've come to this BBS, don't even know what it is? This post does not seem to make any sense, and I suggest you go to the mainstream.

[Trixie28]

Litecoin is a crytocurrency that is generated by mining. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.

[jemarie20]

Looking some information I advice you to look some article in google, not necessary to ask someone but  look for that in your own way.

[Youghoor]

People, have you noticed that litecoin has increased a lot during  this year? Maybe it is one of the biggest altcoins that we had during this year.

I remember that each one of them was less than there dollars on January of this year, and now it is upto $85 each litecoin and nobody is talking about this coin. It seems that you all dont care about litecoin.

It is one of the best altcoins that i have on my portfolio, i bought most of them at $45, but i only have three of them, it is not a big amount of money, but yes, i have doubled that amount in less than four months because i bought them on August.

[KomrelliManikanta]

Personally  I feel.Litecoin will not be there here for many years. It could eventually fade out in the  future, but it will be traded  for high for few years from now.

[khan149]

Litecoin is a decentralized peer-to-peer cryptocurrency.Litecoin has also been relatively innovative, adopting new technologies such as Segregated Witness.It's a lot of good coins.Holding for long periods is definitely a good profit

[Haladay]

Litecoin is a China-based, bitcoin-like cryptocurrency which is very popular globally.

Its price was 3$ in January 2018, then it made a price increase significantly like any other coin in the market.

[chimcoin]

And also, Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority.Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.

[9tails]

For me Litecoin has some minor technical differences compared to Bitcoin and other major cryptocurrencies. Litecoin also has almost zero payment cost.

[musharaf]

Litecoin is the digital currency which is widely used for investment purposes and those who have extra funds they have purchased good amount of litecoin in their wallets and for this they will make profit in the future. this is internet based currency that enable instant and less cost payment for many transaction. the confirmation time and faster transaction is the features of this currency.

[AlexaSonda]

Litecoin was announced in 2011 with the goal of being the 'silver' to bitcoin's 'gold'.

Litecoin is the world’s first altcoin. Like Bitcoin, Litecoin also exists on the internet as digital money. But there are still fundamental differences between both currencies.
Litecoin is a cryptocurrency like Bitcoin, but it is based on an entirely different protocol. It was conceived to act like pure digital money.

The official Litecoin site says:
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Litecoin is also open source, decentralized, and backed by cryptographic math to secure transactions.

Litecoin was not made to compete against Bitcoin, but instead to act as a complimentary payment solution alternative.
Think of Litecoin as the silver to Bitcoin’s gold.

[swaptaker]

Litecoin is the digital currency which is widely used for investment purposes and those who have extra funds they have purchased good amount of litecoin in their wallets and for this they will make profit in the future. this is internet based currency that enable instant and less cost payment for many transaction. the confirmation time and faster transaction is the features of this currency.

Litecoin is a implemented version of bitcoin. It's kinda fork of bitcoin then continued as litecoin with the aim of being better digital coin in the world.

In China, the mining of litecoin is very common and they like litecoin very much.

[CrypticGambit]

Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some minor technical differences compared to Bitcoin and other major cryptocurrencies. Litecoin also has almost zero payment cost.