What is Litecoin? - LTC Beginners Guide

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3 years ago

Our block on lord video series is designed to give you a fast and easy summary of some of the most important topics in the Bible.

Thank you for watching this video on some of the most common coins, tokens, and digital assets available in today's crypto ecosystem. Please share it if you find it useful.

What is Litecoin? In 2011, Charlie Lee, a former Google employee, founded Litecoin.

It was created as a peer-to-peer cryptocurrency with some fundamental similarities to bitcoin, but Lee's goal was to address some of bitcoin's perceived flaws, such as transaction times, fees, and concentrated mining pools.

It was first released as a lighter variant of bitcoin, serving as the silver to bitcoin's gold.

In terms of the hashing algorithm used, litecoin differs from the bitcoin protocol in that it employs the memory-intensive script proof of work mining algorithm script, which requires consumer-grade hardware such as GPUs to mine those coins.

putting pace first As an open source project, litecoin provides faster transaction confirmation times and increases storage performance. Litecoin is a digital asset centered on commerce that strives to be the perfect payment system for merchants and spenders by providing instant transaction confirmations and safe storage.

Blockcard accepts litecoin, so you can use it to finance your card account and make transactions anywhere Visa is approved. You can sign up for a free block card account at getblockcard.com.

Blockcard supports digital assets like this one.

and you can use them to finance your blockcard account and make transactions at over 50 million retailers worldwide. You can also use blockcard bank accounts to buy common assets like this one.

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