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Litecoin Now On Alluma

Matthew Osofisan
Matthew Osofisan

Director, Product Marketing at Alluma

⚡️Allumanauts⚡️

We’re excited to announce that Litecoin deposits will begin September 7th at 12PM IST (GMT+5:30), which means that along with BTC, BCH, ETH, XRP, FUEL and TrueUSD now Litecoin will be available for trading on Alluma.

 

What is a Litecoin?

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. 

Who is behind Litecoin?

Founded by Charlie Lee, Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Find general information as well as a list of services that support Litecoin at the Litecoin Wiki.

Up-to-date network statistics can be found at Litecoin Block Explorer Charts.

Source code for Litecoin Core and related projects are available on GitHub.

Key advantages of Litecoin

key advantages of Litecoin over bitcoinsource: Medium.com

1. Blockchain: The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.

2. Faster Processing: Merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

3. Wallet Encryption: Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

4. Mining Rewards: The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

Litecoin is now listed on Alluma Exchange. Take advantage of one of the lowest buying/selling fee. 

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