Interesting facts about Litecoin

Interesting facts about Litecoin

• Litecoin is the 1st Altcoin :

When bicoin was lauched by Satoshi nakamoto in 2009 for implementing blockchain technology over the world then bitcoin is having some transaction essue which want to be solved and for that the next cryptocurrency is being lauched which is Litecoin. The litecoin is the 1st altcoin which created by Charlie Lee in 2011 for solving some transaction problem in bitcoin and if we look today, then there are thousands of altcoins are on coinmarketcap.

• Ltc is Silver of Crypto Market :

litecoin is the second coin which is based on blockchain technology and it is having similar functions of bitcoin, the litecoin known as to be silver by most of the investors and bitcoin to be the gold in that crypto market.

• Transacton speed :

The main advantage of litecoin over bitcoin is litecoin is having very fast transaction than bitcoin. Litecoin is having the transaction speed of 50-60 transaction per seconds and bitcoin is having transaction speed of 4-6 transaction per seconds so most of the people prefer litecoin for transfer their funds. When SegWit launched for Litecoin in March 2017 then the speed of transaction is increase very much than bitcoin. Litecoin confirms blocks ¼ times if we compared it with bitcoin.

• Big Gainer :

If we look at the chart of litecoin then we saw that, it has the huge gain than any cryptocurrencies. Litecoin has past increment of over 10,000% Gain in just one year of 2017. It increased rapidly from approx. 3.6$ to 370$ which is really a huge increment so most of the investor gets high profit from litecoin.

• Litecoin on exchanges :

Litecoin is the having the position of top 5-6 in coinmarketcap and it is havig high potential to maintain this position in coinmarketcap. Litecoin is almost on all exchanges so you can trade litecoin from any exchanges. The best thing about litecoin is you can buy any altcoins with litecoin on some exchanges.

  So that’s it for today and comment me what do you think about litecoin

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