WHAT IS LITECOIN ?
Litecoin is the second we would choose if we talk about mining. Obviously, the Litecoin is one of the top 10 in the crypto world. Moreover, litecoin mining algorithm is the scrypt algorithm. So, under the litecoin mining algorithm both GPUs and CPUs can mine this currency.
Therefore, it is a currency that is not only providing a classic top-10 reputation, but also a customization capability that no other cryptocurrency in the market would have.
HOW LITECOIN WORKS
Litecoin works very similar to bitcoin, it is basically a digital currency. You can use litecoin to buy and sell goods and services like normal currency. Litecoin works with the use of blockchain where all transactions are recorded in the public ledger, anyone will be able to see all the transactions and miners will be able to verify the transactions.
Unlike normal currencies, litecoin has a market cap of 84 million and 2.5 litecoin is produced every minute by miners.
What is LiteCoin
USE FOR LITECOINS
You can purchase video games , gifts, books, servers, and many other stuff. Several currency exchanges exist where you can trade Litecoins for dollars euros yens and more.
It doesn’t cost anything to start accepting them, no charge back or fees and you will get additional business from the Litecoin economy.
Litecoin is one of the top three cryptocurrencies in the world and has come a long way. It is also one of the fastest growing digital currencies on the cryptocurrency market. Litecoin has made a huge buzz in the market. There are huge businesses taking interest into this currency and people are getting the grips of digital currency. Most of the digital currencies are based on blockchain technology and will continue to grow at their own pace. Litecoin is one of the 3 main cryptocurrencies in the digital market.