Steemit Crypto Academy | Season 2: Altcoins – Part1 "Looking beyond the Bitcoin" Litecoin (LTC) | Task by prof.yohan2on

in hive-108451 •  4 years ago  (edited)
It is a pleasure to learn again another week at the Steemit crypto academy, I have already read the class of the crypto teacher @yohan2on, which as always is very useful. I'm going to tell you about the Litecoin (LTC) coin

Litecoin Currency (LTC)

images.jpeg

We can say that Litecoin (LTC) is one of the most recognized altcoins in the world of cryptocurrency. This cryptocurrency emerged in October 2011, as an alternative to Bitcoins.Defining itself as a Bitcoin clone created directly from its source code. In addition, modifications were made to improve some of the variables for the new network and cryptocurrency.

Advantages of Litecoin

Among its main proposals, Litecoin seeks to be a cryptocurrency:

  • That it generates faster blocks, the Litecoin network is faster because in just 2 min 30 seconds it generates a transaction, whereas the Bitcoin network requires 10 minutes.
  • Cheaper commissions
  • An efficient alternative for payments.
  • More and more platforms accept LTC for euros and dollars (change)
  • That is why it has the best features that both Bitcoin and these other currencies offer and LTC emerged that offers with all the benefits of them but without problems.

What is LTC Explorer:

It is a platform to carry out operations with Litecoin

How does it work:

image.png

Its operations are through blockchain and it is easy to carry out operations. It guarantees the anonymity of the people who carry out the operations and the operations are carried out in a few minutes.

Conclusion:

We can say that this currency came up with the idea of ​​helping or correcting the failures of Bitcoin, including stability and also that it can be purchased through Exchange and with Fiat currency through specific exchange houses. I think it is a good alternative to invest in the short term because it has good returns. This was my research thank you very much
Thanks to teacher @yohan2on for this week's class of Season 2,

Thanks to all;-
@steemcurator01
@steemcurator02
@yohan2on
@steemblog

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!