Moderator Posted September 11, 2014 Share Posted September 11, 2014 Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Bitcoin (BTC), Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority. Litecoin is intended by its developers to improve upon Bitcoin and offers three key differences.As of September 11, 2014, 1 LTC is worth approximately 5.405 USD.Each Litecoin is subdivided into 100,000,000 smaller units, defined by eight decimal places.Getting started with LTC :- Well LTC is the second most biggest crypto currency in net , BTC is Gold and LTC is silver. To start with LTC , you have to download its client. Download LTC client here :- https://litecoin.org/ (win/linux/mac) . After downloading client , install it and wait for all the blocks to be download , as always it will take time. After that go to receive tab and get your LTC address. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 12, 2015 Share Posted June 12, 2015 I don't know what is the difference between litecoin and bitcoin for me it is just the other same cryptocurrency. This is why i am a bit skeptic about litecoin and other cryptocurrency basically they are just money like others at the moment litecoin positioned at $1.8 per 30,638 LTC. Quote Link to comment Share on other sites More sharing options...
myregister Posted June 23, 2015 Share Posted June 23, 2015 There are some claims that LTC is better than BTC when it comes for transaction. In the site it said that LTC blockchain is capable of handling higher transaction volume. So, due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 24, 2015 Share Posted June 24, 2015 Litecoin has faster block time and also it reduces the risk of double spending attacks and for a merchant they who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with bitcoin. Quote Link to comment Share on other sites More sharing options...
myregister Posted June 27, 2015 Share Posted June 27, 2015 Litecoin has faster block time and also it reduces the risk of double spending attacks and for a merchant they who waited for a minimum of two confirmations would only need to wait five minutes, whereas they would have to wait 10 minutes for just one confirmation with bitcoin. But BTC still the king up to now the number of coins circulated is bigger and more than what we expected, also BTC has better price compared to LTC. I don't know what will happen in future but i think LTC must be more attractive to the users so they could gain more shares in future and the price is rising. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 12, 2015 Share Posted July 12, 2015 BTC still the king because of the rate which is higher compared to the others not to mention the pioneer of something like this is BTC. But LTC offers something different, with many good features which BTC left behind this is why LTC is getting popular and someday might be replace BTC. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 16, 2015 Share Posted July 16, 2015 @sidejob: Yeah i know with faster block time make Litecoin as one of the best competitor of Bitcoin out there rather than for saying DogeCoin. However, Litecoin has its own disadvantage like litecoin blockchain will be proportionately larger than bitcoin's, plus it is just another copycat since Bitcoin is open source everyone can copy the source with smaller changes like this one. Quote Link to comment Share on other sites More sharing options...
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