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Litecoin 101: What is Litecoin?

Litecoin is considered the digital silver to Bitcoin’s digital gold.

Litecoin was one of the first “altcoins” created by Charlie Lee from the original Bitcoin code, but with significantly different properties:

- Litecoin’s block time was reduced to 2.5 minutes, 4x faster than Bitcoin
- Total supply was increased to 64 million instead of Bitcoin’s 21 million.
- Mining difficultly changes ever 3.5 days compared to Bitcoin’s 2 weeks.

With these key differences in place, litecoin was the leader in fast payments and transactions in the early blockchain and cryptocurrency space.

Now, Litecoin is still a well known and respected altcoin in the space with a foundation, large developer following and constantly receiving community software updates.

Buy Litecoin (LTC) instantly by setting up a coinpass account and litecoin wallet.

Coinpass support the GBP/LTC trading pair by providing liquidity and less friction for Litecoin to GBP trading.

Learn more about Litecoin (LTC) at our coinpass academy

Buy Litecoin Instantly. Signup Today

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Disclaimer

Trading cryptoassets (“Cryptocurrencies”) involves significant risk and can result in substantial losses of the customer invested capital. Customers should not invest more than they can afford to lose and should ensure that they fully understand the risks involved. Customers should therefore carefully consider whether trading or holding cryptoassets is suitable in light of their own financial situation and attitude to risk.

Investments in cryptoassets are not covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme.

Coinpass do not make any representations or recommendations regarding the advisability or otherwise of trading in cryptoassets or any particular transaction.

Coinpass Limited is a company registered in England & Wales Company number: 11164834. Registered address: Andrew James House, Bridge Road, Ashford, Kent TN23 1BB.