Buy Litecoin (LTC), it’s easy!

Considering buying Litecoin (LTC)? Learn everything about the oldest cryptocurrency after Bitcoin, track its price, and stay updated!

Why Buy Litecoin (LTC)

You might consider buying Litecoin (LTC) as it’s the second oldest cryptocurrency in the market and the first-ever altcoin, remaining robust since its inception in 2011. Litecoin’s blockchain was designed to be a more scalable alternative to Bitcoin; it generates blocks faster, leading to quicker transactions. Litecoin (LTC) can “mine” a block in about 2.5 minutes, compared to Bitcoin’s 10 minutes.

You might want to buy Litecoin (LTC) for its clear purpose: enabling users to make small, fast, cost-effective, and secure payments. Another reason to buy Litecoin relates to its scarcity. Like Bitcoin, the maximum supply of LTC is capped, meaning no more than 84 million will ever be issued.

What is Litecoin (LTC), and How Did It Start

As mentioned earlier, LTC is the first ever created altcoin, born in 2011. That year, a computer engineer, Charlie Lee, left his Google job to dedicate himself to LTC. Two years later, in November 2013, the project became a huge success, and Litecoin reached a market capitalisation of 1 trillion dollars. The founder’s idea, which he successfully realised over time, was to facilitate microtransactions and create a cryptocurrency that represented ‘silver’ to Bitcoin’s ‘gold’.

For this reason, the Litecoin protocol has often been described as a “clone” of Bitcoin, built from its source code but with the ambition to overcome its inherent limitations regarding scalability and transaction validation speed. Fourteen years after its inception, it continues to operate smoothly, and its market capitalisation has generally increased over time.

In short, you might buy Litecoin (LTC) because it’s the most valid alternative to Bitcoin, with nearly the same programming code and a network that has been active for over twelve years.

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