Litecoin (LTC), summary. Buy for USD, EUR

Litecoin is a peer-to-peer payment system and the second cryptocurrency (after Namecoin) which was introduced as a Bitcoin’s fork and alternative. Developed based on the same open-source code, this virtual currency is fully decentralised and exploits cryptographic operation and security methods. Litecoin was created by Charles Lee, a gifted programmer from San Francisco who worked for Google and Coinbase. In October 2011, he launched the project and presented the world with the new and enhanced version of Bitcoin. Though there were not that many adjustments to the initial code, they turned out to be heavily beneficial. As a result, the internal processes were organised mostly the same way, slightly differing in some parameters and nuances. The headline advantages were faster data processing, enhanced storage efficiency, and high-speed transactions. Accelerated block generation made Litecoin capable to verify transactions within 15 minutes, which is 4 times as fast as Bitcoin does. Moreover, such rapidity was reached at the earliest stage, but Litecoin took steps further and later verification time was shrunk to 3 minutes thanks to activating SegWit. Litecoin emission volume is algorithmically limited to 84 million coins.

The system allows conditionally anonymous transactions and disposal — they often call such a method “pseudo-anonymity”. Users can store this cryptocurrency practically in any wallet — no matter digital or hard. On the exchanges, Litecoin is given the ticker LTC. If you are looking where to buy litecoin, our exchange will be your best place to get some. We offer you a simplified exchanger, so the purchase will be easy. It will help you swiftly and valuable sell litecoins when the rate jumps. We are also proud to offer professional traders the full-fledged trading interface. No matter the strategy, you can make money out of Litecoin trading with our platform. Additionally, Litecoin is a fast and cost-efficient payment and transfer instrument, so it perfectly corresponds to its primary purpose.

Buy litecoins for dollars

As long as USD is the world's most commonly used currency, the easiest way to monitor the litecoin price dynamics is to watch the LTC/USD rate. The LTC/USD trading pair can be considered an important reference point of the cryptocurrency market status.

Today's litecoin price in USD is: https://polyx.net/account/LTC-USD

Good to know about litecoin transactions

• Formed based on private or public encryption key, Litecoin addresses consist of 33 symbols, starting with the letter “L” or digit “3”.

• In April 2017, Segregated Witness was introduced to the Litecoin protocol. The purpose of this update — which was successfully fulfilled — was to prevent the transaction malleability and improve the transaction capacity. After the implementation, the “3” in the address head was replaced by the “M”. A special converter was provided which helped convert obsolete addresses into the new-format ones.

• Though Litecoin has been a swift platform from the start, SegWit significantly contributed to transaction speed. Moreover, the update positively affected the LTC rate, giving its price a 10x gain to $50.

• In September 2017, the very first atomic transactions were processed in the network. Direct LTC/BTC, LTC/DCR, and LTC/VTC transfers took place — such a P2P exchange between blockchains was called “cross-chaining”.

• In October of the same year, the blockchain platform Waves opened a gateway for litecoin transactions.

• In December 2017, when the crypto market was in its best shape and LTC cost over $300, Charlie Lee sold almost all his currency. The key reason was that he had allegedly affected the rate fluctuations. So he made a decision to remedy the conflict of interest and maintain the decentralisation principle.

• In April 2018, Aliant Payment Systems became the first official Litecoin processing centre.

• April 19, 2018 was the date when a pair of unknown Litecoin network participants made a transaction for 700 thousand LTC. At that rate, this amount equalled $93 million. The fee was just $0.40, and it took just 2.5 minutes to verify the operation.

• LTC’s historical price bottom was registered on January 14, 2015, and came to 1.11 USD.

• On the other hand, Litecoin reached its peak on December 19, 2017, when one LTC was worth 375.29 USD.