I just wanted to tell you a quick update about Litecoin (Bitcoin's younger brother). In the past few days the price has been going crazy reaching an all time high of $51 per Litecoin.
A.)WHAT IS LITECOIN?
Litecoin was created by Charles Lee, a former employee of Google. It has taken the general idea behind Bitcoin, but changed a few key component:
1.)The block time, is 2.5 minutes versus 10 minutes for Bitcoin.
2.)The mining algorithm which blocks the use of powerful ASIC miners like you have in Bitcoin.
3.)The total number of Litecoins available is 84 million as opposed to Bitcoin’s 21 million.
B.) HOW TO BUY LITECOINS
1.) Get a Litecoin wallet ,Example:- Coinbase , Coinpayments etc.
2.)Go to any exchange and create account on it then by Litecoins through credit/Debit card or paypal. Exchange like :-Polenix , yobit etc.
3.)Withdraw the litecoins to your wallet.
It's that simple.
I think guys you are now quite aware about Litecoins and you know what it is and how to buy it
Thanks guys if you like this post upvote this and follow for more stuff like this.
Your friend
Nikesh vaishnav
Simple earner.