What is Litecoin

In previous videos, we discussed other
cryptocurrencies like Ethereum, but today, we’re going to be talking about yet another one called Litecoin. What’s up, crypto peeps! It’s your girl Maria, here to delivery your daily dose of Bitcoin news! Litecoin was released on October 7, 2011 through an open source client on Github. It officially went live on October 13 of
the same year. It’s basically a fork of the Bitcoin core network and some even call Litecoin the “little brother” of Bitcoin. Just like Bitcoin, Litecoin
utilizes the blockchain network to easily maintain a public ledger of all
transactions. It works the same way and is used in the same way as a Bitcoin. While Bitcoin’s creator remains hidden in the shadows, Litecoin’s creator is very
much active on social media. Charlie Lee is an ex-google employee.
His goal, to create a lighter version of Bitcoin. Get it? Litecoin? Good one, Charlie. Often times, Bitcoin has been compared to gold. So Litecoin is sort of the “silver” in that aspect. It was created for everyday and cheaper
purposes. There are many differences between the two. So let’s break down the main ones. Number one: number of coins. While Bitcoin has a limit of 21 million
coins, Litecoin actually caps out at 84 million. This gets applied to the
existing demand, arguably making it less volatile. Number two: market cap. Although it’s market cap may not be as high as Bitcoin’s market cap, Litecoin still ranks among the top 5 cryptocurrencies at the time of this video. Number three: speed. Although Litecoin uses the same open source code as Bitcoin, there are some notable differences. Litecoin generates blocks around four times faster than Bitcoin, Allowing you to confirm the legitimacy of transactions a lot quicker. Number four: the mining process. Litecoin uses a different hash algorithm to solve each block, as well as to compute how many coins are distributed each time a solution is found. In short, Litecoin is a cheaper and faster version of Bitcoin. But the catch is, it’s not nearly as popular. Thinking about investing in Litecoin? Well, we’d love to know what you think! So let us know in the comment section down below. Don’t forget to like this video, subscribe to
our channel, and of course, click that bell button to get notified whenever we post a new video. Follow us on Facebook, Twitter, and Instagram! And once more, my name is Maria and this is We The Cryptos.

52 thoughts on “What is Litecoin”

  1. Hugely nice presentation over Litecoin. It's awesome to know many Interesting facts about Litecoin. Very useful information about its mining, Market cap, Popularity and difference from Bitcoin. Stay tuned for more.

  2. Litecoin, if you ask me, is the next star, so to speak. I have been following the prices, so i think will keep rising. Thank you, beautiful lady ?.

  3. I heard a lot about bitcoin but I dont know that there is also called litecoin. Thank you for explaining it clearly the difference between the two.

  4. I just got into crypto currency and i wanted to buy a stable altcoin. Thanks for the video because my mind is made up, i am going to but litecoin.

  5. This was very useful video for me even though I know what is Litecoin.I like that you always make short and easy to understand videos. πŸ˜€

  6. Litecoin is a more practical and usable currency than Bitcoin. Bitcoin has it's place but as actual currency Litecoin is advantageous

  7. i basically didn't have enough knowledge about litecoin. but watching this video gave me a lot new info regarding litecoin. thanks.

  8. Good tutorial. You have clarified me some doubts about this cryptocurrency and how it works. Thank you very much!

  9. never heard of litecoin before, this video shows the details of litecoin number of coins, market cap, speed, mining process, etc. it gives us knowledge about litecoin.

  10. I've been wondering about this litecoin and came up on this video. Looks interesting and i like the way Maria explained about litecoin. Thanks, Maria, thanks WeTheCryptos!

  11. Awesome video – concept of litecoin is well explained in this video. The comparison between bitcoin and litecoin is captured in a very professional way – thanks indeed for sharing such great video.

  12. I've been thinking about investing in Litecoin but didn't know enough about it. This is exactly what I was looking for, great information. Litecoin sounds really good, I think I'm gonna jump in and invest in some. Thanks for your help!

  13. Excellent information about litecoin. It is really surprise to know that litecoin is 4 times speed than bitcoin and it has a coin limit of 84 million. Thanks for sharing.

  14. i like litecoin, it is one of my favorite altcoin. I think Litecoins price will be better in 2019. Thank you for the video, it is informative.

  15. simple and best tutorial. it will really help to everyone to get knowledge in lite coin. all of your videos are amazing. keep it up.

  16. The video provides great information about Litecoin. I found out that Charlie Lee is a genius. Unlike Bitcoin, which has a limit of 21 million, Litecoin has a limit od 84 million. Litecoin is also one of the top 5 regarding market cap and the speed is 4 times faster than that of Bitcoin. So I will definitely try Litecoin!

  17. Though Litecoin functionality is good than bitcoin as always bitcoin been a popular coin but this may be not a long run for bitcoin as i feel and maybe in near future Litecoin would be competing with bitcoin in terms of popularity anyways it was wonderful analysis with good presentation i enjoyed watching your video thanks for sharing.

  18. As far as i know, Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.

  19. Not so popular comparing to bitcoin and other cryptocurrency, but litecoin is gaining reputation. Thanks for the informative explanation and comparison of litecoin and bitcoin,

  20. Exclusive and useful review of litecoin with relevant information which is really helpful. The content is perfectly explained and well detailed. I'm really satisfied with this Review. Thanks a lot

  21. I did not really know what a lite coin but after watching Maria's explanation i am clear how this crypto works and i feel a bit more confident to dive into this profitable world. Thanks for sharing

  22. Thank you so much for these information about litecoin…I really need it. I am looking for info about it and the best videos I watched came from this channel!…Continue your good work…?✌

  23. This is by far the most explanatory video that I recently found online about the existence of the litecoin and what you need to do so that you get profit out of it.

  24. thanks for this great explanation, I'm not sure many people even know about litecoin, it sounds amazing, I hope it is is gaining reputation

  25. Hey Maria! I haven't chance to listen about "bitcoins little brother", but here are you! Thanks for the review and info about Litecoin :)!

  26. Thank you Maria for the explanation about how litecoin works, and the comparison with his big brother the bitcoin. I like all your videos, congratulations for your channel.

  27. Understanable and complete explanations. You have clarified me some doubts about this cryptocurrency. Thank you very much!

  28. I really like the way you explain the cryptocurrencies and their curiosities, you have always clarified my doubts and the myths of society! thank you very much

  29. Litecoin Cash (LCC)' Litecoin Cash (LCC) is the cryptocurrency platform that emerged from the first hard fork of the existing Litecoin (LTC) project. The split is scheduled on February 18, 2018, and is being managed by a group that is unrelated to the original Litecoin group.

  30. I never heard about litecoin before but after watching this video, got lots of information about litecoin. Thank you for sharing such a useful video with us.

  31. I have always wanted to learn everything about Litecoin, that contributes us in the monetary, uses and adaptations in the market, you leave everything very clear about Litecoins and I love it. excellent video.

  32. A very informative and a well explained video about litecoins.Its very easy to understand.
    Thank you for sharing these wonderful information.

  33. Nice and detailed explanation what is litecoin. Thank you nice girl, it was pleasure to watch your clip, as always πŸ˜‰

  34. All the while on my understanding bitcoin is the king of cryptocurrency but with this review ,im very clear about the litecoin….tq for the great info.2:46

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