Litecoin is a Bitcoin-like peer-to-peer cryptocurrency in many ways. Coins are created and transferred using a cryptographic open source protocol and are not managed by any central authority. Litecoin has some technical advantages over Bitcoin and other big cryptocurrencies due to the introduction of Segregated Witness and the Lightning Network. As seen with Bitcoin, it is able to handle a larger number of transactions in a given time and thus reduce potential bottlenecks. Also, Litecoin’s transaction price is almost zero, and the payment rate is about four times faster than Bitcoin.
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The motivation for mining is that 50 Litecoin’s are awarded to the first miner to successfully validate a block. Litecoin’s number of awards for such a mission is increasing over time. It will be halved in October 2015, and the halving will proceed at regular intervals until Litecoin’s 84,000,000th mining. But could one unscrupulous miner switch the block, allowing twice to be spent on the same Litecoin? No. Another miner, anonymous to the first, would detect the scam immediately. The only way to really play the system would be to get a majority of miners to decide to process the wrong payment, which is virtually impossible.
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Free Litecoin Website Features
- You can earn more than $200 in litecoin per hour
- Invite users to visit our website and receive 50% of the Litecoin they earn
- You can unlimitedly withdraw / deposit your Litecoin.
- By playing our fair multiply game or just keeping your Litecoin in your account, you can earn more. The interest rate is 6% per year
The transaction fees for Litecoin are pure cents relative to the transaction fees of bitcoin which can cost dollars. Litecoin has a network that is cheaper. The transfer is much slower than it is in the network of bitcoin. It takes 2 minutes for an average Litecoin payment. On a good day, an average bitcoin transaction takes 10 minutes. Bitcoin is a total of 21 million coins. There are 84 million coins in Litecoin. Sometimes, Litecoin uses another algorithm. Bitcoin uses SHA-256 from Bitcoin. Litecoin is using Scrypt from Litecoin. If you want to join Free Litecoin Website To earn 100$ daily then click below button.