Power your knowledge on crypto.
What is Litecoin?
Litecoin (LTC) is a cryptocurrency that was introduced shortly after bitcoin. Many people refer to Litecoin as the "silver" to bitcoin's "gold." Compared to many other alternative coinages, it is accepted as payment in more locations.
Only four cryptocurrencies, including Litecoin, can be purchased and sold on the Venmo payment system. Litecoin can be traded on any exchange. Litecoin is a feasible alternative to bitcoin for daily transactions because it processes transactions more quickly. Additionally, it has a bigger circulating supply, which aids in adoption on a larger scale but also maintains its value lower than that of bitcoin. Any currency's value is expected to decrease when there are more coins in use because there are more of them available. 84 million litecoins are in circulation at any given time.