What is Litecoin |  What is the difference between Litecoin and Bitcoin?

 Litecoin in English : Friends, out of all the coins that have come out in the market, there are very few such coins which are very old.  If I talk about the oldest coin, then everyone will know that it is bitcoin.  But do you know that after bitcoin, another one was withdrawn in 2011, whose name is Litecoin.  You must have heard the name of this coin, but most people know about this coin only in the name of information that Litecoin is a cryptocurrency.

 If you are reading this article then I am sure that you also keep knowing about this coin.  So friends, if you want to get complete information about Litecoin, then read this article till the end because in this article I am going to give you all the information about Litecoin.  Like what is Litecoin (What is Litecoin in Hindi), who made it (Who create litecoin in Hindi), what is its use (Usage of Litecoin in Hindi), how many are it (Total number of litecoin in Hindi),  What is its cost and finally we will know what is the difference between Litecoin and Bitcoin.

 What is Litecoin

 Lite Coin is a 100% decentralized 'cryptocurrency' which is used to make payments all over the world.  One of the reasons for the use of Lite Coin is that where you have to pay up to ₹ 1000 for making a transaction in Bitcoin, you have to pay negligible fees inside Lite Coin.  For this reason Litecoin is most commonly used for business transactions.  Litecoin itself is a huge payment network.  Which big companies use to do transactions.

 By the way, we all think that most of the bitcoin is accepted everywhere.  This is one of the reasons we think bitcoin is accepted by every website, even the smallest.  But if we talk about Lite Coin, then not many people know about it because most of the businessmen use it.  And it is also used for very large transactions.

 History of Litecoin

 Litecoin was released on Github on 7 October 2011 by a computer scientist named “Charles Lee”.  And this coin went live on 13 October 2011.  The main reason for creating this coin was that the developer of Litecoin, Charles Lee, wanted to create a cryptocurrency in a silver color similar to bitcoin.  If we talk about the working of Lite Coin, then it is neither much different from Bitcoin nor its normal.

 The biggest example of this is that while Bitcoin uses the SHA-256 algorithm, Litecoin uses the Scrypt algorithm instead.  And if we talk about the GUI of Litecoin, then that too is much better than bitcoin.

 The year 2013 proved to be very good for Litecoin.  This is because in November 2013 the price of Litecoin increased by 100% overnight within 24 hours.  Because of which it also came in a lot of discussion.  And in May 2017 Litecoin became the first cryptocurrency network in the world to transfer 0.00000001 LTC Litecoin from Zürich to San Francisco within 1 second with the help of Lightning Network.

 who created litecoin

 Litecoin was created by a computer scientist named “Charles Lee”.  Charles used to work for Google in the year 2000.  His work was coding in Google and he used to write code for Chrome OS.  But when he came to know about bitcoin, his interest in bitcoin started increasing.  And only after that he created Litecoin and first himself mined 150 Litecoin and then made it public.  The purpose of creating Litecoin by Lee was not to compete with Bitcoin, but his purpose was just that.  That where there are so many transactions in bitcoin, there can be small transactions inside the light coin as well.

 how much is litecoin

 According to the coin market website, the total supply of Litecoin is 66,752,415 Litecoins.  And if we talk about its maximum supply, then it is 84,000,000 Lite Coins.  The circulating supply of Lite Coin is currently 66,752,414.52 LTC.

 what is the price of litecoin

 At the time of writing this article today, according to the Coin Market website, the price of Litecoin is $137.53, which is ₹10,240.16 in Indian Rupees.  Its market cap is ₹684,095,262,530 and its fully diluted market cap is ₹861,417,676,393 and both have grown by 8.53% in the last 24 hours.  After its trading volume, it has become ₹ 129,802,471,199 which has increased by 59% in the last 24 hours.

 what did you learn today

 In today's article, you have got all the information about Lite Coin.  You know what is Litecoin, what is its use (Usage of Litecoin in Hindi), who has created it (Who creates litecoin), etc.

 I hope that after reading this article all the questions you may have related to Litecoin are cleared.  But if it is not so and you still have any query related to Litecoin in your mind then you can ask us through comment below.  We will definitely answer your every question in the comment below