This cryptocurrency was invented in 2011, with some peculiarities that differentiate it from Bitcoin. Mining , or rather, the computational operations needed to produce new money, are simpler, which means that the whole system depends less on the computing power to operate and generate new money. HackerNoon guides you in these matters.
The value of this cryptocurrency with the passing of the years has been growing more and more, and today it is one of the most requested and successful. Unlike Bitcoins, transactions on the Litecoin network have been designed to be very fast, and, therefore, it can support, for the same amount of resources, multiple transactions at the same speed, with very low costs.
The main features of this cryptocurrency are, for example, the system that is completely decentralized, and the operations are confirmed by independent nodes that participate in the network, organized horizontally and without central nodes; the ledger , or, the register of all operations, is completely shared; the Litecoin production number is limited, and this means that the monetary base will remain at a standstill, and with the increase in demand the price of the single Litecoin will rise. From HackerNoon you will get all the supports and suggestions regarding all these.