Litecoin has quickly risen from obscurity to become one of the world’s most popular, well known and most valuable cryptocurrencies in the world.
According to Litecoin’s website, the currency is described as:
“A peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities.”
Simply put, Litecoin is a low cost, decentralized cryptocurrency used to pay for everyday items instantly.
Litecoin ranks as one of the top five most valuable cryptocurrency in the world by market cap, behind Bitcoin, Ethereum, Ripple and Bitcoin Cash. As of writing this article, Litecoin’s market cap is nearly 2.8 billion dollars, with over a…