Litecoin (LTC)

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Litecoin is an Internet cryptocurrency that can be used to pay through a completely decentralized P2P network. Litecoin was created on October 7, 2011, the maximum number of its coins is 84 million. In November 2013, Litecoin reached a market cap of $1 billion. More

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Litecoin is an Internet cryptocurrency that can be used to pay through a completely decentralized P2P network. Litecoin was created on October 7, 2011, the maximum number of its coins is 84 million. In November 2013, Litecoin reached a market cap of $1 billion. More

Product code: P00004 Shipment and payment

Although its code is derived from Bitcoin, Litecoin is a cryptocurrency with a separate purpose. Litecoin is not trying to compete with Bitcoin, it is rather a faster and lighter version of Bitcoin. In addition, Litecoin has a dedicated development team working to improve the network. And many of the network updates they created were eventually used on the Bitcoin network (such as SegWit and the Lightning Network). 

What gives Litecoin its value?

Litecoin has a programmed final supply of 84 million LTC. Like Bitcoin, Litecoin also reduces the block rewards that miners receive after the so-called "halving". This effectively reduces the rate of introduction of new coins to the market.

Due to its predictable and limited supply, litecoin is considered a scarce asset and thus derives value (in part) from its scarcity.

The other parts of the equation that give litecoin its value are its usability and network size (in terms of miners but also buyers/sellers).