Glossary Term

LTC

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Much like its older sibling, Bitcoin, Litecoin is a cryptocurrency. Like bitcoin, it’s based on a peer-to-peer, fully decentralized, open-source global payment network. However Litecoin was created to have a shorter blocktime, higher issuance and uses a different mining algorithm. Many regard Litecoin and a digital silver to bitcoin’s digital gold.

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What is LTC? A Traders Expert explanation

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