What is Litecoin (LTC)?
Litecoin is a digital currency, shortened as LTC, distributed in a decentralized network and is one of the world’s largest cryptocurrencies. Litecoin launched in October, 2011 as a approach derivative of Bitcoin and the blockchain. Litecoin offering a pivotal advantage over Bitcoin in the form of faster exchange and so aloft intensity liquidity-ultimately ensuing in reduce transaction costs.
Litecoin and SegWit
Litecoin was the first of the tip 5 cryptocurrencies in marketplace capitalization to exercise the Segregated Witness transaction format. Also famous as SegWit, the new custom authorised for intensity speed and confidence improvements on the original Litecoin program and enabled the use of the supposed Lightning Network. Here the purpose of the delegate network is to capacitate faster off-blockchain exchange which are eventually many-sided and promote to the blockchain itself.
What is the value of Litecoin?
The growth and opening of Litecoin has tracked Bitcoin, and therefore has fast turn the world’s second-largest cryptocurrency in terms of sum marketplace capitalization.
In the destiny we design Litecoin to lane the arena of other vital cryptocurrencies quite closely. Where it stands to benefit is as a more technologically-advanced chronicle of Bitcoin. And indeed cost of LTC has so distant outperformed BTC since Litecoin adopted SegWit in May, 2017.
How to trade Litecoin
You can lane Litecoin prices on our banking chart, and review all the latest Litecoin news and research to support your cryptocurrency day trading.
Article source: https://www.dailyfx.com/litecoin-ltc