Litecoin PriceLTC

What Makes Litecoin Unique?

Below are some points that make litecoin unique.

1. Transaction cost is limited: Litecoin technology is an upgraded version of bitcoin technology, including lower transaction cost. It is more efficient than bitcoin because once you transfer a coin from bitcoin wallet exchanges, some bit has charged as transaction fees, but it will be less while you share using litecoin.
2. Faster transaction speeds: Litecoin has been improved its network for two main reasons. One is to cut down the transaction fees and send coins among exchanges much faster than bitcoin's blockchain. There is a significant time difference between both coins. 2.5 minutes takes Litecoin(LTC), and 10 minutes required by Bitcoin(BTC)
3. Open-source platform:  Litecoin is an open-sourced and adaptable platform where you can modify or implement according to your market requirement. You can implement new things and keep up as needed.
4. Less vulnerability to hacking attempts: transaction in cryptocurrency is very unsafe. To hack any transaction, we required time. Due to fast transactions, litecoin transactions less dangerous to cheat.  

How Many Litecoin Are There in Circulation?

Cryptocurrency is a big ocean, but every once, maybe not deep. It comes with some limitations. Litecoin comes with a $16.5 billion market cap. The current circulation of litecoin is 66,568,513, and more than 17 million coins are left to be mined in the coming future. It is nearly 80%.

How secure is Litecoin for the transactions?

It's a decentralized cryptocurrency. So, miners can engage in the process of block validation. So, the litecoin network is very secure by the miners. Litecoin platform is very safe, and their developers take security issues very seriously. 

Litecoin is a fork of Bitcoin deliberately designed to compromise security to increase transaction speed relative to Bitcoin. So, 84 million Litecoin will be mined over approximately the same time frame as 21 million Bitcoin. According to the records, Litecoin around creates new blocks in 2.5 minutes, and Bitcoin takes  10 minutes. Because blocks are made more rapidly with Litecoin than Bitcoin, it would be easier to reorganize Litecoin's historical records via a 51% attack than Bitcoin's. 

Creating the expectation Litecoin would handle smaller transactions requiring faster confirmation times that don't justify the use of Bitcoin's horsepower.

Transaction costs have varied dramatically over time with Bitcoin but have rarely been below $1. They are making the use of Bitcoin to finalize small retail transactions, the classic cup of coffee example, impractical.

Litecoin intends to lower costs enough to provide a crypto-native option for retail transactions like this. While being secure enough, merchants feel confident accepting it as a form of payment.

Where can I buy Litecoin (LTC)?

There are many well-known exchanges available where you can open your account and start your trading, and because of a fast transaction, you can convert your money in litecoin and purchase other coins. You can buy other things such as services and goods. Also, you can contribute to future projects of lite coins.

Among lots of exchanges, we have the most well-known platforms that you can trust.

• Binance
• Huobi Global
• OKEx
• Hoo
• CoinEx
• HitBTC
• WazirX

You have to create your account and get the verification done by the exchanges. Select your payment method with credit cards, debit cards, or any bank transfer and add your fund to your account. After it, Buy and get your coin in your wallet.