What Is Litecoin:


Litecoin is a customer to customer Internet cryptocurrency that enables instant buy and sell. It use without any fees to anyone in the world. Litecoin is an open source cryptocurrency that use all other people.

                            

What Is Litecoin And How Does It Work For Beginners 2020

its global cryptocurrency network that is fully controlled without any central authorities. Math and Hard math puzzle secures the network and user individuals to control their own banking.

Litecoin buy or sell very faster transaction confirmationthats call instant times and developed storage efficiency than the leading and meaning mathematical terms of currency. With conditional industry support and trade volume and liquidity.

Litecoin is a improved medium of financial commerce complementary to Bitcoin and other cryptocurrency.

                                



We know that Bitcoin is distributed in 2009 by the satoshi network. And there are many other coins have distributed  blockchain coins  market. This coins distributed they getting something better that's depend is usually related to instant payment network fees.

Same a one of Cryptocurrency Litecoin. Litecoin was created in 2011. It's market cap power  version of Bitcoin. Litecoin is very fast and instant payment than Bitcoin. it transaction is very faster than Bitcoin.


If you’re reading this guide, then you must still be wondering “what is Litecoin?”. Well, I’m going to tell you everything you need to know!

                                   



Now we are learn to how the cryptocurrency supporting Litecoin works and some important information on its security and privacy. – Both the good side and bad side. Hope you will able to know and gain experience how to buy or sell litecoin securely and safety. So let's start.
Let’s find out how the Litecoin blockchain began!

Litecoin was first created in 2011 by an ex-Google employee called Charlie Lee. Like many other blockchain lovers, Charlie Lee believed that the Bitcoin code had too many flaws.

                              



We know that Bitcoin unable to speed up transactions. This platform it was mined. It's ability to perform more transactions per second.

Scalability: when we use this platform. Now i am discus about the number of transjaction the blockcyper marketplace per second. We know that there are huge of huge people use cryptocurrency. And it's automatically network overcrowding and transaction speed may slow down. So user must maintain that buy or sell cryptocurrency.


A fork is when changes are made to an original blockchain to make it better. To make things even more confusing (sorry), there are two types of forks!

A soft fork is when an upgrade is made to a blockchain, but the new block rules are still recognized by the older version. 
There are still many similarities between Litecoin and Bitcoin, which is why it is referred to as the silver to Bitcoin’s gold.

Its main purpose is to become a global payment system. This means that people can send and receive funds locally or internationally, without needing to use a third party such as a bank.

                               



Advantage of litecoin:

Now I write a example that How litecoin is advantage for user. Now mean A man who lives in Australia. Now he sent money to Belgiam. Now if he send money with Bank transfer Its process two or three days. He is unable to send money instantly. Now if he Chooses to send cryptocurrency like that Litecoin. If he sent This platform Its instantly. And its fees very low than bank transfer. So it's a advantage of litecoin.

Disadvantage of litecoin:

Previous Article we Discuss advantage of litecoin. But we know that Litecoin is not Supported Any international bank or institute. It's buy or sell peer to peer. So A man don't exchange this any bank.

How to buy or sell litecoin:

We know that there are many of marketplace support cryptocurrency like that Litecoin. An user just Create an account any Marketplace. Some of popular marketplace name below
Coinbase Trustwallet Coinsbit Etc. User Here buy or sell litecoin Here easily.


                                      











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