Hello guys welcome to my blog, today we will be talking about Litecoin which is a decentralized fungible token and I know that a lot of you will be asking "what is Litecoin and how can I benefit from it"
So first of all let's get to know more about Litecoin
WHAT IS LITECOIN?
Litecoin is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011. In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase. News reference Wikipedia
Litecoin is a cryptocurrency that launched in 2011 to complete cryptocurrency transactions quickly and cheaply. It was developed using a copy of Bitcoin's source code, and it is one of the first altcoins, a term used to refer to every cryptocurrency other than the market leader Bitcoin.
News reference www.fool.com
Symbol: Ł
So now that we know more about Litecoin, now let's discuss more about how we can make money from them. First of all
BUYING AND SELLING
which is the easiest way of making money from crypto currencies, which is buying it when the price is low and sell it when the price is high.
STAKING
this is just like in the bank which you open a fix deposit account and save your money for a fix term and earn interest on top your savings and there are many platforms that offer good interest rate in staking your crypto which are Binance, coin base, trust wallet, quidax etc
ISO 4217 code: LTC
Market cap: US$3.4 billion (July 2022)
Supply limit: Ł84,000,000
Block reward: Ł12.5 (approximately till August 2023), halved approximately every four years
Project fork of: Bitcoin
License: MIT License
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