Litecoin (LTC) Explained
What is Litecoin?
Litecoin is a decentralized Proof-of-Work network anchored on Bitcoin code. It was created by Charlie Lee—the former Director at Coinbase. The network aims to be a medium of exchange without expressly competing with Bitcoin. Instead, according to creators, Litecoin supplements Bitcoin and is its experimental network. Litecoin is one of the most valuable Proof-of-Work networks distinguished with better scalability and relatively low trading fees.
Why Trade LTC?
Litecoin complements Bitcoin, acting as a transactional layer with relatively low trading fees and high scalability. Almost all cryptocurrency exchanges list the coin. On CryptoAltum, a reputable exchange launched in 2019, Litecoin is paired with BTC, USDT, and other currencies. Its global users can also trade Litecoin with zero commissions and high leverage of up to 100X from the MT5 trading platform.
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