Litecoin (LTC) is an altcoin based on the Bitcoin model. Its proof-of-work algorithm builds on scrypt — a sophisticated memory-hard function employed in cryptography.
The Litecoin Network aims to process a block every 2.5 minutes, which allows for faster transaction confirmation — according to LTC developers. Amongst other perks of faster processing is the greater resistance to a double spending attack over the same period (as compared to Bitcoin).
The Litecoin Network will produce 84 million Litecoins, or four times as many currency units as will be issued by the Bitcoin Network.
EXANTE commission fee for trading cryptocurrencies is 0.5%.
To start trading, open an account in EXANTE: follow the link and download your 2 documents. On the same day, the account manager will be in touch to guide you through the process and help with the trading platform functionality and other related issues.
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