Buying Litecoin at the spot price or desired price and selling it without intermediaries and in the shortest possible time.

In the Iranian digital currency buying and selling system of IO Exchange, you can authenticate in the shortest possible time and convert your desired digital currency to Tomans or Tether with the lowest fees. The support team of the exchange will be with you at all times.

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History of Litecoin Litecoin

Litecoin is one of the oldest and most popular cryptocurrencies in the cryptocurrency market, which was exploited in 2011 by a person named Charlie Lee. Charlie was one of the former employees and activists at Google, who launched the Litecoin network due to some problems that existed in Bitcoin. Lee's main goal of this work was to complete the Bitcoin network and solve some of its problems such as scalability, fees, and mining issues. Therefore, in October 2011, Charlie decided to make changes and corrections to the code and protocol of Bitcoin so that this cryptocurrency is more suitable and practical for everyday use and common payments of the society.

Entering the world of Litecoin

Litecoin is one of the old and well-known cryptocurrencies in the cryptocurrency market, which is considered an attractive and lovable cryptocurrency for most users who have years of experience in this market. Litecoin, whose symbol is LTC, is known as a silver digital currency. Users call Bitcoin the golden digital currency, and because Litecoin is similar to Bitcoin in some ways, they consider it the golden digital currency. This cryptocurrency, like Bitcoin Cash, is a fork of Bitcoin, and many newcomers to the digital currency market may not know this.

Advantages and uses of Litecoin

Digital currency is a technology that is used to transfer funds internationally. By using the digital currency network, there is no need for third-party intermediaries anymore, and the communication between the transferor and receiver of assets is established directly. Litecoin is also one of the cryptocurrencies that transfer assets in its network with the lowest cost and the highest speed. By purchasing LTC coin, users will be able to easily transfer this coin to any other person anywhere in the world and pay a small fee for this transfer. After all, considering the significant reception of cryptocurrencies, investing in them also seems very attractive.

What is the difference between Litecoin and Bitcoin?

As mentioned, Litecoin acts as a fork of Bitcoin and is very comparable to Bitcoin. Many call Bitcoin the digital gold and consider Litecoin the silver of the world of cryptocurrencies. The fact is that these two popular and popular cryptocurrencies each have distinctive features and differ from each other in some ways. One of these differences is the difference in the supply of these two cryptocurrencies. Many digital currencies that are present in the market have a limited supply and a certain number of units. As the leader of this market, Bitcoin has supplied 21 million units and Litecoin has supplied 84 million units. This means that the supply of LTC token is about 4 times more than that of Bitcoin.

LTC token mining

All cryptocurrencies that can be mined use a proof-of-work algorithm. This algorithm, which is known as PoW, allows users to perform complex mathematical calculations by using miner devices, which are very powerful computer systems, and by extracting a new block, in addition to receiving rewards, The life of the blockchain and the stability of the network. The Litecoin mining system and the way it rewards users is completely similar to Bitcoin, and in this network mining rewards are halved every four years. The total number of coins that can be mined and used is 84 million, and the Litecoin developer team predicts that it will take more than a hundred years to mine all Litecoin coins.

Litecoin LTC wallet

A digital currency wallet is a tool that users can use to store their digital assets. Many users who intend to buy and sell Litecoin and earn profit from this digital currency keep their assets in their account in online exchanges. This method is also one of the methods of keeping digital currency, but because there are some security issues in this solution, the best solution is to transfer the assets to an independent and decentralized wallet and protect them.