Litecoin Cryptocurrency – What is so special about LTC?
Litecoin (LTC) is a P2P crypto and an open source project. The network is based on an open source cryptographic protocol and is decentralized. The Litecoin Network can process a block approximately every 2 minutes (while the Bitcoin do the same in 10 minutes) and uses “Scrypt” in its POW algorithm. Litecoin has a supply, which is several times bigger that Bitcoin has.
Big volume of coins and algorithm (Scrypt) makes Litecoin worth – it is generally one of the more stable coins on the market. According to CoinMarketCap, Litecoin price is about 160 USD per coin. Market Capitalization is more than 8 billion dollars today, which is a very serious indicator.
Litecoin is a very good alternative to Bitcoin in its use as a payment method. Litecoin is faster, less expensive and offers the same technological advantages as BTC (i.e. SegWit and Lightning Network capability). With the availability of Litepay, Litecoin becomes an even more preferred option for E-commerce. Moreover, Litecoin has always been in the TOP currencies by market capitalization.
Many cryptocurrencies have evolved on the basis of Bitcoin features or adapted to much more specific use-cases. Most of the Cryptos are now mainly focused on appliance and decentralized applications.
Litecoin has tested Lightning Network transactions and atomic swap on their network, which is a big revolution in cryptocurrency. Lightning Network is off-chain layer protocol that allows to send their coins faster and cheaper without waiting for the confirmation from the Blockchain. It may increase the scalability to millions and billions of transactions per sec, which is a big deal.
It is an excellent time for most Cryptos to start building partnerships in the different industries. Most companies are looking for the ways to interact with their clients using cryptocurrencies as a payment and Litecoin meets the requirements of such projects. One of the leading fields in working with LTC is to launch a Litecoin Trading Platform.
Despite the 2018 price depression, cryptocurrency still seems a strong to have a future in E-commerce and technologies.
This coin is widely used to transfer tokens from exchange to exchange with the lowest possible fees. Despite the current situation in 2018, it makes sense to buy Litecoin and wait until it will jump over the price limit that this coin has been showing lately.
Merkeleon as a turnkey Crypto Solutions provider that offers wide opportunities to start successful business and work with Litecoin via starting own Litecoin Exchange. The crypto exchange by Merkeleon is not a Litecoin Exchange Script but a ready to go Litecoin trading Software. The platform allows using its functionality to grow your incomes and provide traders with a fast, secure and stable Litecoin Exchange Software.
Take a chance and become an active member of Crypto Market, start your Litecoin Exchange Platform! Merkeleon invites to cooperation all the individuals, professionals and investors interested in Blockchain and Crypto trading.