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What is the Litecoin ?

Based on Bitcoin technology, Litecoin is one of the most popular cryptocurrency. Being considered by the most popular Coinbase trading platform.

Created in 2011 by Charles Lee, a former employee of Google, who left the source code of Bitcoin (open source), to develop its own code, Litecoin is a cryptocurrency distributed under free license.

The blockchain on which the Litecoin is based has been improved compared to that of Bitcoin. This has in particular helped to speed up the verification process. This increase the speed of transactions, currently superior to that of its competitors. The transaction fees are much lower than those of Bitcoin. Litecoin is thus particularly intended for daily transactions.

Like Bitcoin and most cryptocurrencies, Litecoin will be produced in a limited number. The emission rate follows a geometric series that halves every 840,000 blocks, eventually reaching 84 million Litecoins.

Litecoin has recently experienced a strong growth, now worth more than 300 euros.