The crypto universe has endless functional and profitable options to expand your investment in cryptocurrencies. Such is the case with Litecoin, one of the most famous altcoins of this era.
This virtual currency was created as a variant and rival of the giant Bitcoin, rising worldwide in the crypto ranking. The “digital silver”, as it is known today, is one of the financial tools of the moment, due to its transactional speed and minimal commissions.
Litecoin represents a modern and decentralized payment method with attractive financial benefits and transactional efficiency. If you want to know more, here we show you all its potential to advance towards a crypto negotiation with higher returns.
Let’s talk about Litecoin and its nature
Litecoin was born in 2011 as an alternative to Bitcoin and to overcome the functionalities of the first cryptocurrency.
It was originally devised as a fork of the Bitcoin Core software. However, modifications to its code have allowed for greater speed and security in transactions.
Since its inception, it remained anonymous until two years later it managed to climb rapidly. So much so that in 2013 it reached a market capitalization of more than $ 1 billion.
Among the most outstanding features of Litecoin are the following:
- Available emissions limit of 84 million units.
- Use the P2P network to verify and process transactions.
- It offers 4 times the speed of Bitcoin and has a lightweight blockchain.
- Consensus system based on PoW (Proof of Work) and open source development.
Why is it advisable to know and try other cryptocurrencies?
Diversity is important when investing in cryptocurrencies. In the P2P market, you have a great variety at your fingertips to choose the one that best suits your requirements.
If you want to buy, sell or exchange cryptocurrencies, you can access a multi-currency system that will help you better take advantage of this global market.
In addition, each cryptocurrency gives you different advantages that you can use to improve your investment in the short, medium, or long term.
Main differences between Litecoin and Bitcoin
Even though Bitcoin is still the world’s first cryptocurrency, Litecoin has managed to differentiate itself solidly. The fact that Bitcoin was released as an open-source made it possible to add new and better features to LTC.
The most important feature is its speed, which will favor your operation, giving you an agile operation in transactional validation.
Another difference is the limited production of coins, with which Litecoin has managed to guarantee a stable supply for its investors worldwide.
Advantages that Litecoin offer
Litecoin is a very good tool to reliably integrate it into your investment projects. See all the benefits you can get by choosing this versatile cryptocurrency.
Trade-in a decentralized market
The peer-to-peer or P2P market uses technology to manage and secure your transactions, allowing direct dealings between person-to-person negotiations.
In addition, you can find the best buy-sell offers using Litecoin globally, with a variety of payment methods and access to exchange platforms.
Hard to counterfeit or duplicate
Litecoin (LTC) has a security code designed to prevent easy duplication or forgery. In addition to this, you have the option of choosing a secure exchange in the cryptocurrency market.
This service will allow you to exchange your cryptocurrencies with absolute confidentiality and security in transactions. You can also select the wallet that best suits you and store your cryptos reliably.
Operates with an open-source system
This code is freely shared, in collaboration with many people working together. This guarantees a more transparent and effective functionality within the crypto market.
It is a very fast operation or transaction currency
Technically, Bitcoin generates its transactional validation blocks every 10 minutes, while Litecoin does it in 2.5 minutes. This means that your transactions count faster and are a much easier process.
The result will be a friendlier negotiation and investment environment, without wasting time and truly efficient.
It is characterized by its high level of security
Litecoin gives you a range of possibilities when trading a highly marketable digital asset. One of these is its security, as transactions are confirmed more quickly.
It is a universal currency and can be operated from anywhere in the world
You can trade Litecoin from wherever you are. This cryptocurrency is widely used worldwide in the P2P market.
From your exchange platform, you can maintain a direct connection with anyone and exchange your cryptos easily and quickly.
It is easy to integrate to apps that allow its operation
You can buy, sell or trade your LTC from any mobile device, using a wide variety of special applications and platforms.
It has a high projection due to its stability
You will be able to devise more reliable investment plans, with the option to automatically freeze to USD or stable currency, insuring your assets against volatility.
Its cost is less to be mined
With Litecoin you have the option of mining using ASIC hardware, very similar to Bitcoin. But you can also do it with your processor and graphics card to get some tokens.
The P2P market has adopted an immensity of virtual currencies, which offer you a great investment opportunity. Litecoin is one of them, being an intelligent and functional alternative for your savings or your own business.
At Mega Academia we have specialized knowledge of the crypto market suitable for any type of investor. Thus, we offer you training options and courses with which you can learn to make smart investments in all types of cryptocurrencies.
Sign up for our Basic Cryptocurrency Course and you can become an expert trader and improve your finances.