We have amazing news for you: our exchange is developing everyday and today we have listed Litecoin. Trading pair: LTC/USDT. For a very long time, this coin has been in the shadow of its main competitor Bitcoin, but in recent years we have seen an increase in its popularity. Let’s figure out why LTC is cool.
What’s good about LTC
There is one popular company in our time — Google. Lots of outstanding employees work there. But sometimes they leave the corporation in the name of their own business. That’s what Charlie Lee did: after seeing the popularity of Bitcoin, in 2011 he created his own analogue, Litecoin. For a couple of years, LTC wasn’t popular: its price fluctuated in the range of $ 3–5, but in 2013 the cost of Litecoin showed an incredible growth and increased more than 20 times!
What could be the reason for this growth? Technically Litecoin is a fork of Bitcoin. But smart Charlie Lee made some changes to the code so that users could conduct transactions faster, safer and cheaper.
The main difference between LTC and BTC is that LTC isn’t so demanding on the speed of the computer as on RAM. For crypto miners such conditions were more convenient.
- Litecoin blockchain is four times faster than Bitcoin. It is capable of processing one block in 2.5 minutes;
- The LTC transaction queue is smaller. The faster the network processes payments, the fewer transactions are in the pool waiting for their miners. Therefore, transfers can be carried out quickly without excessive fees;
- Transactions are cheaper. In December 2017, the average fee for processing transactions on the Bitcoin network reached $52 and $1.4 was paid for the transfer of Litecoins in the same period. Now there is no rush in the market, so the amount of fees has dropped significantly. But it is still 3–5 times cheaper to transfer Litecoins than Bitcoins.
And how’s going on with Litecoin for today? Now its super popular token, which is on 17th place in the CoinMarketCap rating. You can pay with LTC for your purchases in 2000+ stores. Being a blockchain-based cryptocurrency, Litecoin is provided with very strong cryptographic protection, which makes its hacking almost impossible
Litecoin is a must-have in your portfolio and a great addition to the coins already available on KickEX. The collection of tokens on the exchange is always being updated, and this allows our favorite users to trade all top and trending cryptocurrencies on one platform. Amazing, isn’t it? Let’s discuss this on Twitter: write your opinion about Litecoin, as well as your guesses about the next listing. Just make sure you haven’t forgotten to tag our @kickexcom account.
And a bit of more important news
Starting from October 7, the OMNI protocol for USDT won’t be supported on KickEX exchange due to its low usage. If you want to use USDT currency, you can choose TRC20 or ERC20 protocols.
Oh yes, we also have a burning contest! How much have you burned so far? You can also brag about this on Twitter, we will be happy to follow your progress.