Founders: C. Lee
White Paper: None
Token/cryptocurrency/altcoin symbol: LTC
Coins limit: Limit of 84 million. Supply approaching 69 million
Consensus mechanism: Proof-of-Work
Purpose: Cryptocurrency alternative to Bitcoin for small transactions
Forks: Several hard forks of Litecoin were created starting in 2013. Most remain obscure, with Monacoin in Japan being the only exception.
Financial products: Greyscale Litecoin Trust
Litecoin is a cryptocurrency founded in 2011 by Charlie Lee. The project was inspired by Bitcoin and uses a proof-of-work consensus to secure the Litecoin network. Litecoin is the native token on the Litecoin network. The trading symbol for Litecoin is LTC.
Litecoin remains one of the top 20 cryptocurrency projects worldwide. It has a maximum coin supply of 84 million LTC.
Litecoin has had several forks, most of which have been unsuccessful. The most successful was Monacoin in Japan.
Litecoin is considered a commodity by regulators in Canada. Exchange of LTC for products, services and other tokens is considered a barter transaction for tax purposes.
You can buy Litecoin on a cryptocurrency trading platform, exchange or receive it through the Litecoin network. You can also get exposure to LTC through financial products like the Litecoin Trust.
Click the button below and fill out the form and your KYC.
You can add funds in several ways, including Interac e-transfer
Once the funds are confirmed, open your trading screen and get started!
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