Litecoin Network Transaction Volume Increases: What is Litecoin?

Litecoin is getting closer and closer to bitcoin in trading volume. It currently holds 40% of the trading volume in bitcoin.

In the post he shared on the Litecoin official Twitter address, “The Litecoin network has 40% of the trading volume in bitcoin.” said.

Litecoin was founded on October 7, 2011 by a Google employee. 2013-2019 The trading volume between the years has always been that of bitcoin. 0.3% to 3% of was among. Since April 2019, the number of transactions on the Litecoin network has been growing faster than transactions in bitcoin, and currently the bitcoin network 40% of has a trading volume.

Litecoin is one of the earliest cryptocurrencies to join blockchain technology. It is said that their main purpose is to provide fast, secure and low-cost payment service. Created based on the Bitcoin protocol, Litecoin differs in block processing time, hashing algorithm and a few other features.

Litecoin, which is faster than crypto money that can provide many payments 2.5 minutes to a block time and low transaction volume. The litecoin of this situation made available for trading is being considered.

Litecoin, one of the most widely used cryptocurrencies, is currently used as payment in more than 2000 businesses. is accepted. The fact that the transaction fee is almost zero is seen as an alternative to Bitcoin for developing countries.

In the last 7-day period approx. 4.8%According to CoinMarketCap data at the time this article was written, LTC 107.07 traded in dollars.

LTC is the most valuable in the list made by CoinMarketCap. 21. cryptocurrency is located as.

None of the information contained in the content is investment advice.

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