What is Litecoin (Litecoin) in simple words: history, course and how to buy

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2019-08-02 00:00:00:

A large number of forks are created based on the Bitcoin system. These are different branches from the main blockchain. This is due to the existence of Bitcoins open source code. In other words, anyone can use the Bitcoin source code to create their own cryptocurrencies.

However, given that this process cannot be called so simple, most forks in the cryptocurrency market are not popular and eventually disappear from the vastness of the global network. In turn, those crypto money that were able to gain a foothold and become a successful instrument of exchange trading and exchange operations deserve our attention. And the first among them is Litecoin (LTC) , the advantages and features of which we will consider later in this article.

What is litecoin?

The official definition of Litecoin is a bit similar to all known Bitcoin. Despite the presence of some technological differences between the two coins, Liteok (as it is often called on the Runet) was also created in open source code.

But this does not mean that the currency was developed and released in order to replace Bitcoin. It was originally intended to create a popular additional payment instrument.

Thus, Internet users were introduced to Litecoin as a cryptocurrency for mutual settlements in the global network. It is a decentralized currency that is not controlled or subject to the leadership of the central government.

Many users carry out various trading and exchange operations on the network using these particular coins due to the absence of a limited minimum and maximum cost of payments.

Today Lightok is included in the Top 5 popular and demanded cryptocurrencies on the market. And the value of Litecoin is determined by the system users themselves, who mutually use these coins.

Despite the fact that in comparison with all other cryptocurrencies, it is bitcoin that has the highest capitalization, this does not mean that there is no place for other crypto money.

So, the main goal of the Litecoin developer was to improve the functioning of the Bitcoin system . Charlie Lee figured out how to reduce the time it takes to confirm transactions in the system. But this required changing the coin mining algorithm itself. As a result, different users of the system were able to participate in the process of obtaining crypto money.

Due to technological manipulations, the time to confirm transactions was reduced to 2.5 minutes. Recall that earlier on the Bitcoin network, this operation lasted at least 10 minutes. Hence the main advantage of Litecoin - quick confirmation of transactions and the ability to carry out a larger volume of exchange processes. If you have tried to carry out transactions in Litecoins and Bitcoins, then you probably now understand what and what difference in transfer speed we are talking about.

Litecoin history

So how did this coin come about?

The new project was presented by Charles Lee in 2011. Initially, the creator of the cryptocurrency did not plan to release new coins. Its main goal was to modernize bitcoin. Improvement of the Bitka was required against the background of negative reviews from its holders. Despite the rapid growth of its popularity, it was necessary to reduce the amount of time devoted to processing foreign exchange transactions. In addition, the coin was weakly protected from cyber attacks and had a small block volume.

That is why the creator of the new cryptocurrency made a decision to eliminate obvious problems and began to actively work on a way to modernize Bitcoin.

So, in 2011 on October 7, a new type of virtual money appeared - LTC . It was distinguished not only by reduced transaction time, but also by more efficient block generation, using the most advanced hashing methods.

After its first appearance on the Internet, the coin was a great success. She was firmly able to take an honorable second place and was on the list of popular cryptocurrencies right after Bitcoin in terms of market capitalization. But as of today, Litecoin has lost ground to Ripple and Ethereum. However, even despite this fact, the majority of users of the system continue to use the coin for exchange trading.

Interesting fact: the creator of the new coin worked on his project while working at Google. This person also made significant contributions to such popular services today as YouTube, Chrome OS, and Google Play. Charlie Lee left Google in 2013 in order to create and effectively promote the largest cryptocurrency exchange in the world. Its about Coinbase. But the creator does not abandon the modernization of his brainchild - Litecoin, but on the contrary, continues to work on its improvement together with a team of the best technical specialists.

According to the developer, Litecoin is a silver coin (silver) in the cryptocurrency market, while Bitcoin is being held in gold positions.

In order to agree or deny this position, you should understand in more detail what is generally hidden under this cryptocurrency, what are its main differences from other coins, how to buy it, where is it better to store it and what progress in its use to expect in the future.

Distinctive features of Litecoin

Oddly enough, digital coins are not particularly popular in the CIS countries. Of course, more advanced users were able to grasp this topic quickly enough. However, they make up only a small proportion of Russian-speaking traders.

But even with this in mind, BTC and LTC are constantly being heard in the field of crypto-finance.

By the way, at certain moments of price fluctuations for both cryptocurrencies, pairs of exchange Litecoin (Litecoin, LTC) to Bitcoin (Bitcoin, BTC) and in the opposite direction Bitcoin (BTC) to Litecoin (LTC) are in great demand .

The system in question in its essence resembles the well-known Torrent. The fact is that a single network is created on the basis of a PC with preinstalled Litecoin wallets. All users of this network, without any restrictions, can use electronic money at their discretion and exchange them. At the same time, the system guarantees absolute confidentiality of the participants.

One of the main differences between Litecoin is the support of the Script Key creation function. In this regard, the developer of the coin recommends using only those computers that have a large amount of memory for mining digital money.

You should also take into account the fact of the limited emission of cryptocurrency. Previously, the system participant who found the block was given 50 LTC. Now, for every 840,000 blocks received, the premium will be halved. One block is created in about two and a half minutes. And in August 2019, the so-called Litecoin halving will occur, which will further reduce the reward by 2 times.

Blocks are used to create new coins. They represent specific structures with a list and names of processes. For mining crypto-money, obtaining a key to the blocks, the system participant is given a bonus.

With the help of Litecoin, system users can carry out any settlements with counterparties, regardless of their location. When making a payment transaction, a minimum commission is charged. On the basis of this cryptocurrency, a rather powerful and developed payment system is being formed between different countries of the world.

And the security of all trading operations is determined by certain mathematical calculations. Therefore, most of the worlds companies successfully use this crypto money for internal transactions, thereby providing a significant trading volume in digital finance that can instantly be converted into real money (in fiat).

In addition, when speaking about the distinctive features, Litecoin is very similar to BTC. For example, it is guaranteed confidentiality of all currency transactions. An outside person will not be able, with all his desire, to determine which specific person and to whom sent the funds. This problem cannot be solved.

Also, LTC is characterized by such a procedure as deflation. The point is that the value of coins is gradually increasing. This process is supported by a limited number of cryptocurrency units.

To the above features, you can add the instantaneousness of transactions, in particular the transfers of coins, and the absence of total control from a single control center.

However, LTC is a more advanced coin that combines many changes and improvements. Despite the limited number of generated crypto-money, up to 4 times more coins are issued in this currency in comparison with Bitcoin. The difficulty of generating blocks can be recalculated every 3-4 days. This makes blocks much faster. Their formation takes up to a maximum of two minutes. All this has a positive effect on the speed of transaction confirmation.

One of the main differences between coins is getting a bonus (reward) for creating a new block. It should be borne in mind that the generation of Litecoin using video cards will not be as productive as if a more powerful processor was used for these purposes (in the case of obtaining Bitcoin).

How Litecoin works

As noted earlier, the Litecoin system uses open source code. It is licensed - MIT / X11, so it is officially applied.

But what does this license give? In fact, it opens up free access to advanced functionality to all system participants. Thus, each user can change, create copies for distribution, and correct copies of the software at his own discretion.

Due to the fact that the development of new software versions is in the public domain, it becomes possible to analyze the source code and binary modules.

Interesting to know!

System blocks inside the program appear much more often than, for example, when created in Bitcoin. In this regard, it is possible to carry out a much larger number of currency processes in a certain time (for one period of time). It is not necessary for users to confirm transactions. And most importantly, such software works flawlessly. It does not need to be changed or corrected.

Almost all cryptocurrency transactions are carried out through a pre-created Litecoin wallet. This is a special place that can be called a temporary storage of crypto money. Thanks to him, each user can at any time view all current or completed transactions, as well as check the account balance.

However, when entering the wallet, the system requires the user to enter a password. The same password is requested when performing various operations with coins.

In this way, all your funds are reliably protected from third-party interference in your trade transactions, as well as from malware designed specifically to steal coins, and there are a huge number of them, believe me.

Litecoin advantages and disadvantages

Like any other cryptocurrency, Litecoin isnt perfect. Therefore, speaking about LTC, first of all, it is necessary to remember that it is a peer-to-peer network created to carry out instant transactions, regardless of the country of the payer.

From the name itself you can see that we are talking about a "lighter" version of the cue ball, albeit much more perfect. If you expect to meet some fundamental differences between the most popular cryptocurrencies in the world, then, alas, you will not find them here. After all, both systems have an identical blockchain and use the same basic software code.

However, another side of Liteka attracts attention, namely, those innovations that were invented and successfully implemented by the founder of the cryptocurrency.

So, lets highlight the main ones:

• LTC is based on SegWit. This is a special software algorithm that is used in order to successfully solve any problems associated with scaling a cryptocurrency network. Note that this particular issue is relevant for the Bitcoin network, since due to the fact that the size of the blocks is limited (for one block the allowable size is only 1 MGB), all exchange operations are carried out slowly. And this, in turn, repels many netizens who value their own time highly. For example, lets take a parallel with a standard PC. In this case, the software algorithm we are considering contributes to the release of system RAM. At the same time, some information leaves the system, thereby increasing the speed of data processing. This means that transactions will be carried out much faster, almost instantly, without delays. Thus, we can make the first small conclusion that Litecoin has a higher bandwidth.
• new blocks are created much faster. The speed of their appearance in the blockchain is several times different from the similar creation, only in the Bitcoin network. So, in the LTC system, each block appears in just two and a half minutes, while in BTC this process will take at least ten minutes. Thus, we see that the difference between the two systems is almost 4 times.
• instant confirmation of cryptocurrency transactions. We can recall individual cases when participants in the BTC system waited for a long time to confirm a transaction. Moreover, this time was not only measured in hours, but also in days. As for the LTC network, the user immediately agrees with the transaction, after which the whole operation is carried out fairly quickly. It is for this advantage that Latcoin has the largest number of adherents today.
• limited number of coins. But this cannot be unequivocally attributed to the disadvantages. The fact is that the creators of the cryptocurrency initially set the maximum number of crypto-money, namely 84 million. Now, lets think logically: if the moment comes when the growth of the number of crypto-money stops, then there will be a deficit. As a result, the value of the coins will be significantly increased. Of course, this requires a prerequisite - there must be demand for LTC.
• low commissions for various cryptocurrency transactions. The value of the commissions that the user pays to the miners for the operations will vary depending on the block size. Accordingly, the larger the block, the higher the commission will be. If we compare LTC and BTC, then the block size of Litecoins is slightly smaller. Therefore, the amount of commission is insignificant.

It will be appropriate to note here that BTC faced a significant problem at one time. It was a scalability issue. And despite the fact that in 2017, in August, the corresponding adjustments were made to the system, it still serves transactions of a certain (limited) number of participants.

In addition, as the demand for BTC began to grow, at the same time, the commission for foreign exchange transactions increased. And, for example, if in the case of a major transaction, such as the purchase / sale of a car or an apartment, this commission may not seem so big, then what do you say when paying for a cup of tea?

But Liteok offers a correct and at the same time simple solution. So, all cryptocurrency transactions are carried out in the system instantly and inexpensively. And LTC scales better. Therefore, we can safely say that when creating Lightokin, the developers took into account and tried to fix all BTC errors.

However, Liteok can boast not only positive sides. It, like any other cryptocurrency, has its drawbacks.

But all these disadvantages have a direct bearing on the rapid creation of new blocks.

In particular, there is such a thing as Time Warp among software specialists. And it is from him that the potential threat to the entire system comes. What is the main point? And the whole point is that, for example, lets take some computer hacker who decided to mine LTC. And then a decision comes to his mind: to prescribe the wrong value to the new block. This will directly affect the speed of receiving crypto money. That is, a hacker will be able to mine coins much faster than the system assumes. For example, the disclosed block was received at 12.00, and the attacker prescribes false information that such a disclosure was back at 10.00. As a result, the formation of the entire chain of blocks may fail. And the reason for this will be precisely not the correspondence in the meaning of time.

Thus, we are faced with what is happening in the LTC blockchain direct intervention. Thanks to the actions of an attacker, the entire system can break down and crash. Moreover, in technical terms, correcting the situation will take considerable time. To remedy the situation, the mining of crypto coins will be stopped. Accordingly, users will be limited in mining, and this will lead to a decrease in the mined crypto money. In addition, a system failure is, in other words, a simple operation associated with various technical malfunctions. As a result, a decrease in reputation, damage to the image of the network. As a result, all of this can negatively affect the steady position of Litecoin in the cryptocurrency market.

If we talk about a similar attack in the case of BTC, then it practically cannot take place due to the slower formation of blocks. For this reason, preliminary calculations are always one hundred percent. Faster block generation will automatically reduce the computation accuracy. As a result, any hacker can easily set incorrect parameters and thus affect the stable operation of the entire system. Simply put, all vulnerabilities in the cryptocurrency system appear only due to the faster receipt of blocks. And these places can be used at any time by attackers at their discretion, including for the implementation of Time Warp.

Now lets look at the official statistics, according to which Litecoin is much more likely to be subject to various fraudulent actions on the part of intruders. But compared to Bitcoin, LTC attacks are less common.

This is due to the more advanced protection system against hacker hacking. In addition, Litecoin is most effectively protected against double debiting of coins on user accounts. Let us recall that such a problem has repeatedly surfaced in the Bitka system, when one transaction was carried out twice. As a result, the system participant lost a significant amount of his own funds.

Plus, one should take into account the fact that, as a rule, hacker attacks are directed at those cryptocurrency systems in which there is a larger capital turnover. In this regard, LTC is significantly inferior to its position.

Also, one cannot fail to note one more advantage: due to the minimum number of officially recorded hacker attacks, system participants increasingly often choose Litecoin to carry out their trading operations. Demand is growing, and accordingly, the demand for cryptocurrency is increasing, therefore, the cost of coins is increasing. At the same time, the following point is indisputable: this crypto money is very difficult to mine.

Mining LTC

It is still a mystery why mining LTC is much more difficult compared to obtaining BTC.

First of all, it should be noted that this cryptocurrency cannot be obtained only through the work of the processor. In addition, the way graphics cards are used is considered ineffective. The point is that such mining is simply unprofitable. Its self-sufficiency is minimal, and it is almost impossible for the miner to gain profit. And electricity costs are high. Therefore, the cost of crypto money as a result does not cover the costs associated with their mining.

Another thing is the mining of coins using special farms. They are systems based on several powerful computers, the functioning of which is aimed directly at obtaining crypto-money. However, the simplest professional equipment is very expensive. On average, you will have to pay 2 thousand dollars for it (during periods of downturn in the cryptocurrency market, mining equipment loses its value and often its price does not exceed $ 800, and during periods of large-scale growth, the price reaches $ 4,000 for 1 unit, for example, this was the case with L3 + in 2017).

To reach a net income, you will need more powerful equipment, the cost of which is much higher. Therefore, this method is more suitable for mining crypto money on an industrial scale. It is not for nothing that in the same China there are huge farms with thousands of Litecoin mining devices.

As for the average user, we advise him to pay attention to the following options:

1. Rent out a more powerful farm, for example, from one of the companies engaged in professional mining.
2. Become a member of the pool. Use a powerful PC, buy a high-performance video card, download a special utility for mining crypto money from the official Litecoin website. After installing it on your computer, be sure to register in the selected pool. After confirming your account, you will be able to open new blocks. You will receive blocks together with other members of the pool. But all bonuses will be divided equally between you.

Recently a new software was released - GUIminer Scrypt. But the creators of the software note that the use of these utilities is a rather complicated process, therefore, they are advised to use them only to those system participants who have impressive mining experience.

If you focus on the above software, you will have to download special drivers from the network, otherwise your video card will not be able to work as you would like. Also, please note that your antivirus may classify new software as a threat to your PCs security. But its developers to this day have not recorded a single case of failures in the functioning of the computer, which could be caused by the operation of the utility.

Therefore, so that your antivirus does not give an error, it is better to download the necessary programs from the official sites.

In fact, working with GUIminer Scrypt is not difficult. After installing the software, just enter a password and login, and you will be automatically connected to the system.

It is noteworthy and very convenient that the application includes settings that are suitable for popular versions of video cards. Therefore, the user can independently choose his option, thanks to which the processor will process all operations much faster.

Standard laptops are not suitable for mining. In the process of receiving coins, the technique consumes a large amount of electricity, therefore it very often overheats and breaks down.

A few words about cloud mining

This concept means the cloud analogue of standard mining. That is, the user does not use his computer, but rents equipment for mining coins. So, you do not harm your PC, do not wear out the equipment, respectively, it cannot fail in the process of obtaining crypto money . Another plus for you is significant energy savings.

At the same time, take into account the fact that as a result of the low cost of Lite on the market, you may find yourself bankrupt. The point is that this coin has not yet secured a stable competitive price. Therefore, it is better to just buy crypto money, because you will spend much more money on mining.

How to buy or sell Litecoin?

All currently existing cryptocurrencies combine the methods of buying / selling coins. So in our case, you can exchange Litecoin and other trading operations as follows:

- buy light in the exchanger.

So, for example, in our exchanger you can buy Litecoin from a huge number of directions. Here are the most popular ones according to our data:

• Qiwi RUB → Litecoin (LTC) ;
• Yandex Money (Yandex Money) → Litecoin (LTC) ;
• Sberbank → Litecoin (LTC) ;
• Tinkoff → Litecoin (LTC) ;
• Alfa Bank → Litecoin (LTC) ;
• Russian Standard → Litecoin (LTC) ;
• Visa / MasterCard → Litecoin (LTC) ;
• Tether → Litecoin (LTC) .

- buy or sell coins through a cryptocurrency exchange. Due to the fact that LTC is a recognized cryptocurrency by the world community, any financial transactions can be freely carried out through the most popular services, for example, EXMO, Poloniex, Binance, and so on;

- receive coins from other members of the system.

Before choosing an exchanger or exchange, you should study all the market offers. The current data will allow you to compile for yourself a rating of the most suitable and profitable courses, as well as the conditions for the implementation of transactions.

You can also contact forex brokers. However, this option is considered the most risky. To carry out a safe transaction, you need to contact only a trusted and reliable broker. But among the huge number of market offers, you can easily get lost. Especially when new resources offer rather favorable conditions, while there is a high risk of losing all savings.

Be sure, after choosing a broker, register on its official website. This step will allow you to create your own coin account through which you can transfer capital as well as top up your balance.

Therefore, choose a site taking into account its functionality, exchange rate, and the ability to track the transaction path.

Litecoin to ruble rate

According to the stock quote at the moment, for 1 LTC, the market will ask you for no more than 6165 rubles. Conversely, for 1 Russian ruble you can buy 0.000162 of the cryptocurrency in question. At the time of reading this article, the rate may differ, you can go to the main page of our exchanger and set the exchange directions, for example, Ruble → Litecoin, find out in different directions how much rubles 1 Litecoin costs. Or vice versa, for example, by setting Litecoin → Sberbank , find out how many rubles to a Sberbank card you can get for 1 LTC.

Litecoin to dollar rate

Traders today offer to buy 1 Lite for 96.203 US dollars. Despite such a low cost of the coin, the number of users around it does not decrease. By the way, a stable trend continues between supply and demand. At the peak of 2017, the cost of Litecoin reached $ 250.

Litecoin to Euro rate

But in relation to the euro, Litecoin is losing ground. So, today the official rate is only 87.36 euros per coin. But this does not mean at all that soon exchange platforms will not surprise us with other quotes. So we continue to monitor the indicators.

Where to store Litecoin?

You can store crypto money in a virtual wallet on the official website. You need to go through a simple registration at litecoin.org and open a wallet.

The only drawback: in this storage you can only accumulate Litecoins. Unfortunately, other crypto money cannot be placed here.

If you have mixed funds, for example, LTC and BTC, then it is better to pay attention to multicurrency wallets. They can support different cryptocurrencies. and the issue of protecting confidential information and security remains high. One multicurrency wallet can support about a dozen different coins.

If you still decide to start an official wallet, then you have to follow these steps:

- go to the official Litecoin portal;

- download and install the client program. As a rule, it is supported by all known operating systems. When installing, be sure to select a language;

- form a wallet, then synchronize all data. Please note that the installation process can be quite lengthy;

- decide on a suitable pool. To begin with, you should carefully read all the relevant information, and then choose the most suitable option;

- on the official page of the selected pool, enter your personal data in the required fields. This is required in order to create an account;

- complete the first login to your personal account.

Only after completing the above steps will you be able to become the owner of the Litecoin wallet and receive the right to dispose of all available funds at your discretion.

Also, store Litecoin on the accounts of popular cryptocurrency exchanges, on hardware wallets, and so on.

How much Litecoin is total

The total capitalization of coins today is about 6 billion US dollars. At the same time, the trading turnover (at a daily rate) is $ 3,139,173,786.

According to the information of world exchanges, 62,943,726 coins were received in 2019 . This leaves about 21 million coins to be mined. 

According to the forecast of cryptocurrency developers, ¾ of crypto money should be received by 2020.

This means that in the near future LTC will be referred to as pennies in the cryptocurrency market. Thus, the coins will be suitable for small trading operations. For example, it can be minor purchases, paying for public transport fares, and so on.

Note that as of 2017, only 65 percent of the total number of coins was mined. This amount was approximately 55 million. In total, 210,240 cryptocurrencies were mined in the same year . 

Litecoin emission

In practice, most users of the system and experienced traders claim that the emission of Litecoin continues the history of Bitcoin.

Let us remind you that the first prizes that were awarded for the received new blocks totaled 50 coins. However, the system itself provides for a halving of this amount every 840 thousand blocks. This is how emissions management works. That is, the more coins miners receive, the less commission they will receive as bonuses.

As mentioned above, the total supply of Litecoin is 84 million.

What is secured for the Litecoin coin

The security of this cryptocurrency is similar to Bitcoin. Due to the fact that Litecoin is not governed by a single state center, the value of coins will be reinforced based on different principles.

First of all, we are talking about the cost of mining. That is, the emission of Litecoin is the work of miners. They carry out mathematical calculations, implement signatures for new blocks. It is for this that they are given a set amount of remuneration.

To release a certain amount of cryptocurrency, a miner must have powerful equipment, expensive equipment to perform computational complex operations. Therefore, it is quite logical: if a miner spends a lot of money on getting coins, then for sale he will expose Litecoin at a higher price.

In addition, this issue is also affected by the limited emission. The fewer coins, the greater the demand for them and, accordingly, the higher the price. Thus, there will never be more than 84 million LTC on the market. At the same time, it must be remembered that most of the crypto-money by this time has been withdrawn from circulation, as it is contained on the balance sheet in an inaccessible wallet.

And the last point is demand. Litecoin is in high demand today. With its help, various exchange and trade operations are carried out in different countries of the world. And, as we all know, the more demand, the higher the cost of the product. And most investors use lite as an asset.

Therefore, we note once again that all of the above is the principle that underpins the value of Litecoin.

And despite the fact that this cryptocurrency is not provided with any material benefits, it still has its own price. After all, each user is ready to give the market value for one coin. Therefore, Litecoin is increasingly used when paying for goods and services.

In addition, the cryptocurrency is backed up, first of all, by mathematical calculation of the appearance of new blocks. This means that the algorithm itself contains a limited number of coins available for issue. And this number remains unchanged, no matter what.

As for the protocol of operation, nothing affects its work. He continues to operate according to the prescribed order. Therefore, we can conclude that limited emission is actually an effective way to prevent inflation.

The future of Litecoin

Considering the fact that the developer of Litecoin has remained and continues to remain in the public eye until today, it can be concluded that Litecoin will continue to develop in the cryptocurrency market. The fact is that the actual existence and active work of a real cryptocurrency developer is of great importance for users, since they understand what the creator is striving for and what exactly will be achieved.

Today, Charlie Lee is persistently convincing everyone to use SegWit. Using this protocol, you can change the principle of all exchange operations. Thus, the user will be able to save space for storing and collecting information.

And in the plans of the creator, of course, the introduction of innovative technologies, without which it is impossible to imagine today the active and effective development of any systems. And first of all, Charlie Lee aims to develop the scaling of crypto money. Thanks to this, the user will be able to carry out operations outside the blockchain. Thus, any transaction will be carried out only through a special register. Moreover, this technology will soon be able to use not only LTC users, but also the cue ball.

All would be nothing, just to integrate innovative solutions Charlie must get the majority of the miners votes. That is, neither more nor less, but 75 percent. This means that the creator of Litecoin can still make the required changes to improve the coin transaction model.

Continuing to develop in the chosen direction, the founder of LTC compiled a letter and sent it to the miners community. The main idea of this letter is support for SegWit. Note that the main advantage of having decentralized crypto-money is that Charlie Lee cannot, by virtue of his rights, approve such decisions on his own. Before accepting the next action plan, he must necessarily obtain the consent of the miners.

Despite this, the existence of a leader who acts actively and in the interests of his own idea helps to change the views of the world community regarding the need to make certain changes in the operation of the system and improve technology.

And finally, I would like to note that it is on Litecoin that all known world cryptocurrency systems are guided today, which speaks of its strong positions.

Should you invest in this currency?

If your priority is the speed of trading, guaranteed confidentiality of transactions, the security of your accounts, protection from hacker hacks, then you can safely pay attention to this system.

In addition, many experts claim that this project is the most worthy today.

Thus, after weighing all the pros and cons, analyzing the advantages of Litecoin, its place in the ranking of the most popular cryptocurrencies, the level of capitalization, we can make an unambiguous conclusion that this coin will remain relevant for at least the next ten years. According to forecasts, in 2020 the cost of Lite will rise to 300 US dollars. Therefore, users can hope for a good income.

Pay attention to the widespread adoption of payments using Litecoin. So already thousands of Australian stores accept payments in this cryptocurrency. The creator strongly promotes the use of cryptocurrency in plastic cards and connects to new systems.

Attention! This material cannot be considered by you as a call for investing in cryptocurrencies. The article is for informational purposes only, we do not give forecasts and do not call for action (investment). Remember that any purchase of cryptocurrencies carries financial risks.