Review Brokers
No Result
View All Result
Friday, May 27, 2022
  • Login
BlackridgeCM
ADVERTISEMENT
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Promotional Content
    • Forex News
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Promotional Content
    • Forex News
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
Review Brokers
No Result
View All Result

What Is Litecoin?

Admin by Admin
May 11, 2022
in Education
1
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?

Post Views: 150

Related posts:

forexspreadsWhat Is Spread? ForexpipsWhat Is Pip in Forex? ICMlogoForex Market vs. Other Financial Markets BitterzBitterz | Maximum 100% Deposit Bonus (27.05.22) HFMarketsUnderstanding Currency Pairs ForexeducationThe Concept Of Forex Demo Contest And Forex Live Contest CMC MarketsWhat Is Bitcoin? CMC MarketsWhat Is Ethereum?
Tags: CryptocurrenciesLitecoinWhat Is Litecoin?
30 USD No Deposit Bonus 30 USD No Deposit Bonus 30 USD No Deposit Bonus
Previous Post

PrimeXBT | Savy’s Trading Clash Contest (27.05.22)

Next Post

What Is Tether (USDT)?

Admin

Admin

Related Posts

Bitterz
Forex Deposit Bonus

Bitterz | Maximum 100% Deposit Bonus (27.05.22)

May 24, 2022
Ripple
Education

What Is Ripple (XRP)?

May 11, 2022
Tether
Education

What Is Tether (USDT)?

May 11, 2022
Load More
Next Post
Tether

What Is Tether (USDT)?

Comments 1

  1. Pingback: N1CM | 10% Extra Crypto Deposit Bonus

Leave a Reply Cancel reply

Your email address will not be published.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

No Result
View All Result
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
FBS

FBS | $100 Quick Start Bonus

May 24, 2022
windsorbrokers

Windsor Brokers | 30 USD Free Account

May 24, 2022
xtrade

XTrade | Xmas Season Bonus (26.12.21)

May 24, 2022
Hotforex

HF Markets | Virtual To Real Demo Contest

May 24, 2022
Tiomarkets

Learn how to start trading Cryptos

12
forexknowledge

What is Forex?

12
forexspreads

What Is Spread?

6
Forexeducation

The Concept Of Forex Demo Contest And Forex Live Contest

6
The LiMarkets

The LiMarkets | Free Forex VPS Program

May 26, 2022
FXCL

FXCL | 200% Celebration Bonus

May 26, 2022
FXCL

Your Bonus Account | FXCL

May 26, 2022
AMarkets

AMarkets | Get $10 For Every Friend You Refer To

May 26, 2022

Advertisement

exness

fbs

XM





300_250_en stocks

deriv

Recent Posts

  • The LiMarkets | Free Forex VPS Program
  • FXCL | 200% Celebration Bonus
  • Your Bonus Account | FXCL
  • AMarkets | Get $10 For Every Friend You Refer To
  • The major indices have a gradual zig-zag uptrend to finish with a moderately strong up day

Connect to ReviewBrokers

facebook twitter telegram
liveinternet liveinternet
Review Brokers

ReviewBrokers Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@reviewbrokers.com

reviewbrokers.net@gmail.com

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

Categories

  • Affiliate Program (55)
  • Best Promotions (20)
  • Broker Listing (6)
  • Education (23)
  • Forex Brokers (1)
  • Forex Demo Contest (24)
  • Forex Deposit Bonus (181)
  • Forex Live Contest (38)
  • Forex News (49)
  • Forex No Deposit Bonus (25)
  • Forex Rebate (Cashback) (50)
  • Other Promotions (37)
  • Promotional Content (10)

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 Market 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. ReviewBrokers is not responsible for any information on the website.

Recent Posts

  • The LiMarkets | Free Forex VPS Program
  • FXCL | 200% Celebration Bonus
  • Your Bonus Account | FXCL
  • AMarkets | Get $10 For Every Friend You Refer To
  • The major indices have a gradual zig-zag uptrend to finish with a moderately strong up day
  • Currency market: FX next week

Risk warning

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

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

No Result
View All Result
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Expert Advisors
    • Expert Advisors Price
  • Forex Brokers
  • Education
    • Forex News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

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