LITECOIN (TLC) is a digital currency that is encrypted in peer peer. That is the file backup systems and connect with various devices on the computer of each user with no central computer. This software was first launched in October 2011 on Github (Storage and Platform Control which LITECOIN was launched by Charlie Lee, who is a former Google employee and he is also an important part of creating Bitcoin.
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- Litecoin has nothing different from Bitcoin.
Litecoin is similar to Bitcoin. Can be called almost the same in all respects. In particular, it is designed to fix some Bitcoin defects using technical development. The most popular development is LITECOIN, can pay four times faster than Bitcoin to four times and without payment costs.
The main difference between Litecoin and Bitcoin is the time spent to create a blog. Which has been greatly developed The time was reduced to only about 2.5 minutes compared to Bitcoin (BTC) to last up to 10 minutes. In addition, the production capacity of Litecoin is still at a better level than Bitcoin 1, the main difference is the form of the algorithm and graphics in the user interface which was developed to be different from Bitcoin’s system.
- Central distribution.
Litecoin features and other versions of other Crypto currencies include independent operations without any intermediary agencies to control. In addition, there will be no third person to affect the creation and transfer of LITECOINS, which is different from the currency system that is currently used. However, this system has advantages: the use of encryption protocols to secure money. Which is in addition to being controlled by the central bank or any person.
- Value of currency.
Since launching in 2011, LITECOIN has had a lot of currency prices. The main change point of the currency that occurred in the past is in the period of November 2013, when the value of LITECOIN rose more than 100%, just within 24 hours, therefore, the total value in the market has more than 1 billion. US dollar.
Due to the increasing demand for digital currency and interest growth since February this year, the LITECOIN currency is rising to the US dollar. At present, this currency is traded at 46.17 US dollars and 0.01110580BTC. In addition to the high trading volume, LITECOIN still has regular growth throughout the year.
Litecoin’s current value in that market is more than 2.4 billion US dollars. This is what makes Litecoin to become a digital currency that is considered the largest number 5 in the stock market. With the supply of current cash flow at the amount of 52.5 million LTC and in addition to the maximum supply volume also received a predefined 84 million LTC, which accounted for 4 times compared to Bitcoin currency unit.
- The ultimate security.
LITECIN’s blog processing time is 4 times faster than Bitcoin. In addition, there is a higher network security measure. In the processing of LITECOIN, the scan algorithm is used which can be considered as a function that uses continuous memory. Resulting in the system of LITECOIN, it can be resistant to theft, higher than Bitcoin, up to 2 times. The development of this Litecoin performance comes with the cost that requires more memory to increase memory.
- Network Lighting Network.
The first LIGHTING NETWORK transaction occurs in May 2017, with the use of LITECOIN. In that case, there is a transfer of 0.00000001 LTC from Zurich to San Francisco. Take it just less. One second because LITECOIN is designed to synchronize the use with Segregated Witness and Lightning Network technology. This is what is an important advantage that LITECOIN has above Bitcoin. This advantage will help reduce problems that may occur and add. Create a lot of transactions without stumbling compared to Bitcoin in 1 unit of time.