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Litecoin is a peer to peer cryptocurrency a decentralized currency meaning it is not managed by a central authority.  Litecoin creator Charlie Lee, 36, who was at Google when he released the Litecoin code to the world in October 2011.

Litecoin is identical to Bitcoin, in fact, it was developed from the Bitcoin core, but the main difference is that Litecoin decreased the block generation time to 2.5 minutes.  Comparing Litecoin to Bitcoin, one can say that Bitcoin is the Gold and Litecoin is Silver.

Litecoin can be used to purchase services, and physical products the transaction is relatively low when compared to traditional handlers.


To buy your Litecoin cryptocurrency you can join the most trusted platform at Coinbase, you can use credit card and bank transfer. Keep in mind that some of these transactions can take a couple of hours the first time and others may take days; that is normal, do not panic.