Klever Exchange Adds New Litecoin (LTC) Trading Pairs
To support our community we have introduced 2 new Litecoin (LTC) trading pairs as part of the Klever Exchange Web launch.
Available trading pairs:
What is Litecoin (LTC)?
Utilizing the unique properties of blockchain technology, Litecoin (LTC) provides fast, secure, and low-cost payments.
This cryptocurrency was created using the Bitcoin (BTC) protocol, but it differs from Bitcoin in terms of hashing algorithms, hard caps, block transaction times, and a few other factors. As Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, it is ideal for microtransactions and point-of-sale payments.
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011; the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in usage and acceptance among merchants, and for most of its existence has been a top ten crypto by market capitalization.
In contrast to Bitcoin, Litecoin is a lighter and more compact form of the cryptocurrency, which aims to be a "lite version" of Bitcoin.
What Makes Litecoin (LTC) Unique?
As a pure cryptocurrency, Litecoin ranks second only to Bitcoin. A large part of its success can be attributed to its simplicity and clear utility benefits.
More than 2,000 merchants and stores across the globe now accept LTC as one of the most widely accepted cryptocurrencies as of January 2021.
Its main advantages are speed and cost-effectiveness. Litecoin transactions typically confirm within minutes, and transaction fees are minimal. Developing countries, where transaction fees' influence on which crypto to support, may find it a more viable alternative to Bitcoin.