Litecoin (LTC) is a peer-to-peer codec and is a MIT / X11 based open source licensing project. Litecoin is similar to Bitcoin (BTC) and is not managed by any organization.LTC was developed by a former Google employee named Charles Lee in October 2011.
The transaction is 4 times faster than Bitcoin because it takes 2.5 minutes to create a block.
Operated globally and heavily used, many ATMs can be traded Litecoin.
Litecoin is so decentralized that it has absolutely no headquarters, the money is extremely safe, no one has the right to manage or release Litecoin.
Not subject to any management should reduce management costs.
The Litecoin is obtained through Litecoin mining, thus fighting inflation.
-Still not popular so many people still do not know Litecoin, usually only transactions in small transactions.
- The purpose of money laundering by criminal organizations, Litecoin has no organization behind it is also a problem to not know who is using Litecoin money, which makes gangs money laundering can not. prevent.
- Hard to use if you do not have the knowledge, you need to learn a new time is likely to transaction Litecoin.