WHAT IS LTC

Litecoin (LTC) is one of the earliest and most well-known cryptocurrencies, often referred to as the "silver" to Bitcoin’s "gold." Launched in 2011 by Charlie Lee, a former Google engineer, Litecoin is a decentralized, peer-to-peer cryptocurrency that aims to provide faster, cheaper, and more efficient transactions compared to Bitcoin. It shares many similarities with Bitcoin but introduces several key differences that make it a unique and valuable asset in the cryptocurrency space.

The Origins and Philosophy of Litecoin

Litecoin was created in response to the perceived limitations of Bitcoin, especially around transaction speed and cost. At the time, Bitcoin was growing rapidly but faced scalability issues, with transactions taking longer and fees increasing as more users joined the network.

1. Speed: Litecoin transactions are confirmed faster than Bitcoin's, thanks to a shorter block generation time of just 2.5 minutes (compared to Bitcoin’s 10 minutes).
2. Low Fees: Litecoin's smaller block size and faster transactions result in much lower transaction fees, making it ideal for everyday use.
3. Decentralization: Like Bitcoin, Litecoin is designed to be decentralized, meaning no central authority controls the network. This ensures that users are in full control of their funds and can transact without intermediaries.

How to buy litecoin (LTC) in Cameroon: - Payment methods we accept

MTN MOBILE WALLET, ORANGE MONEY, PREPAID, CREDIT OR DEBIT CARD

In addition to purchasing Litecoin directly, there are numerous other ways to obtain Litecoin. You can read more from here. The crypto education