Features of the $LTC #Binance #Square # coin

All about the #لايتكوين # Litecoin coin: One of the most famous cryptocurrencies at the present time, it is based on peer-to-peer as an open source software project under the MIT/X11 license. The currency is created and transferred based on an open source encryption protocol, and is not controlled by any central authority.

#Themost important facts about Litecoin

New units of Litecoin are created through a complex mathematical process known as mining, and the maximum number of Litecoin units that can ever be mined is 84,000,000 units in total (compared to 21,000,000 for Bitcoin). Hence the famous saying in the world of cryptocurrencies: "If we consider Bitcoin as gold, then Litecoin is silver."

The total market cap of Litecoin globally broke the $1 billion barrier in November 2013 [10], and by the end of November 2017 it had reached $4,600,081,733 (or $85.18 per Litecoin). By mid-December 2017, the market cap of this currency had jumped to its highest level with a total value of $20 billion (or $371 per unit), before its value declined against the dollar like other cryptocurrencies.

#Whatis Litecoin Mining

Litecoin mining is the process of verifying transactions and adding them to the blockchain.