No Result
View All Result
Wednesday, March 22, 2023
  • Login
FXVNPRo
ADVERTISEMENT
  • Home
    • Advertising Promotion
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
  • Home
    • Advertising Promotion
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Cashback Rebate
    • Forex Deposit Bonus
    • Forex Live Contest
    • Affiliate Program
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
FXVNPRo
No Result
View All Result
Home Learn To Trade

What Is Litecoin?

fxvnpro by fxvnpro
June 29, 2022
in Learn To Trade
3
Litecoin
0
SHARES
0
VIEWS

Litecoin is a virtual cryptocurrency that was created with the principal purpose of providing an alternative to fiat money and ultimately become a direct competitor of Bitcoin by attempting to address Bitcoins shortcomings.

Litecoin is described as a peer-to-peer virtual currency fueled by the Litecoin blockchain. Litecoin’s blockchain is a decentralized open source, a global payment network that is fully decentralized, removing intermediary control, as enjoyed by banks, central banks, and governments.

Unlike fiat money, there are no physical Litecoins, just balances that are recorded on Litecoin’s decentralized, public ledger.

Litecoin was created to compete against Bitcoin and other true cryptocurrencies to become the primary alternative to fiat currencies by delivering an instant payment mechanism.

Litecoin was created by Charles Lee and released in 2011, with a finite number of Litecoins, totaling 84 million.

Founder Charlie Lee sold his entire holding of Litecoin on 20th December 2017, with the intention to remove any perceived conflict of interest and to deliver a truly decentralized cryptocurrency.

The creation of each individual Litecoin comes from mining, which is a reward mechanism for miners involved in the verification of transactions on Litecoin’s blockchain.

Litecoin blockchain is the key driver behind Litecoin, a decentralized ledger that is updated instantaneously across all users, with transaction times and fees dependent upon the speed at which miners are able to verify transactions.

Some distinct differences and characteristics of Litecoin include:

  • There are no physical Litecoins, only virtual.
  • Unlike fiat currencies, where governments and central banks are able to print more money, there are a finite number of Litecoins.
  • The very nature of Litecoin’s decentralized blockchain means that the payment system runs 24-hours a day, with no downtime and has no restrictions on where and to whom Litecoin can be sent.
  • A new block is generated on the Litecoin blockchain every 2.5 minutes, which is 4x as fast as Bitcoin.
  • The Litecoin blockchain is able to handle higher transaction volumes than Bitcoin, due to the more frequent block generation, allowing merchants to get faster confirmation times.
  • Litecoin uses a script for its proof-of-work algorithm, requiring significantly greater processing power.

Read What is Bitcoin?

Read What is Ethereum?

Read What is Dogecoin?

Post Views: 358

Related posts:

TetherWhat Is Tether (USDT)? RippleWhat Is Ripple (XRP)? cryptoslearntotradeCryptocurrency vs Forex Market – Similarities and Differences TiomarketsTIOmarkets: Client Sentiment Analysis And Trading CMC MarketsWhat Is Bitcoin? Forex ChiefTrading Indicators – Bollinger Bands Forex ChiefTrading Indicators – Momentum indicator ICMarketsP1Forex Market vs. Other Financial Markets
Tags: CryptocurrenciesLitecoinWhat Is Litecoin?
exness
Previous Post

Review 6iTrade

Next Post

What Is Tether (USDT)?

fxvnpro

fxvnpro

Next Post
Tether

What Is Tether (USDT)?

Comments 3

  1. Pingback: What Is Ethereum?
  2. Pingback: 10% Extra Crypto Deposit Bonus | N1CM
  3. Pingback: What Is Bitcoin?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

XM
  • Trending
  • Comments
  • Latest
Technical Analysis

Technical Analysis – Price Action Trading (Part 1)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 3)

May 22, 2022
Technical Analysis

Technical Analysis – Price Action Trading (Part 2)

May 29, 2022
XTrade

Xmas Season Bonus (26.12.21) | XTrade

April 27, 2022
MiTRADE

Forex Brokers Types: ECN VS Market Makers VS No Dealing Desk

102
Tiomarkets

MT4 vs MT5: What trading platform to choose?

95
CMC Markets

What Is Bitcoin?

55
FPMarkets

What is Forex Trading? (Part 1)

37
N1CM

35% First Deposit Bonus | N1CM

March 21, 2023
Windsor Brokers

30 USD Free Account | Windsor Brokers

March 21, 2023
FirewoodFX

Up to $5,000 Trading Reward Bonus | FirewoodFX

March 21, 2023
Superforex

Gold Rush | SuperForex

March 21, 2023

Recent News

N1CM

35% First Deposit Bonus | N1CM

March 21, 2023
Windsor Brokers

30 USD Free Account | Windsor Brokers

March 21, 2023
FirewoodFX

Up to $5,000 Trading Reward Bonus | FirewoodFX

March 21, 2023
Superforex

Gold Rush | SuperForex

March 21, 2023

Advertisement

fbs



300_250_en stocks

Connect to FXVNPRo

facebook twitter telegram

Now online

FXVNPRo

FXVNPRo Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@fxvnpro.com

fxvnpro@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Markets such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. FXVNPRo is not responsible for any information on the website.

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

Recent Posts

  • 35% First Deposit Bonus | N1CM
  • 30 USD Free Account | Windsor Brokers
  • Up to $5,000 Trading Reward Bonus | FirewoodFX
  • Gold Rush | SuperForex
  • CryptoMania – Cryptocurrency Contest | SuperForex
  • Champion MT4 Demo Contest (10.04.23) | OctaFX
  • $30 Welcome Bonus | JustMarkets
  • EURUSD outlook and technical analysis
  • 25% Trading Bonus | Yadix
  • iPhone 14 Pro Giveaway! | Yadix
  • First Deposit Bonus Up To 50% | easyMarkets
  • Turnover Rebates | ForexChief
  • Welcome Package | iFOREX
  • 40% Deposit Bonus | IKOFX
  • The Ugly Battle for Credit Suisse: Inside the UBS Takeover

© 2013 - 2022 FXVNPRo - Forex Expert Advisors | Forex Promotions | Forex News.

No Result
View All Result
  • Home
    • Advertising Promotion
    • Brokers Listing
    • Economic Calendar
    • Contact Us
  • Forex Brokers Review
  • Learn To Trade
    • Promotional Content
    • Forex/CFDs/Cryptos News
  • Expert Advisors
    • Expert Advisors Price
  • Forex Promotions
    • Best Promotions
    • Forex Demo Contest
    • Forex No Deposit Bonus
    • Forex Cashback Rebate
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2013 - 2022 FXVNPRo - Forex Expert Advisors | Forex Promotions | Forex News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/fxvnpro.com/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111