When Litecoin was launched in 2011, it was created to be an alternative to Bitcoin. The goal was to make mining cryptocurrency easier and user-friendly. Litecoin is a cryptocurrency that an average person can mine without having state-of-the-art equipment. This was an exciting idea and caused a lot of people to buy Litecoin in Kansas City, MO.
The creator of Litecoin is Charlie Lee. He worked for a while at Coinbase and at Google. When he looked at Bitcoin, he saw some issues with it, including long transaction times and network congestion issues. His goal was to solve these issues with Litecoin.
When a person chooses to buy Litecoin in Kansas City, MO, they will notice that the transaction times are a lot faster than with Bitcoin. However, the value of Litecoin is nowhere near that of Bitcoin. Litecoin resists ASICs, which are graphic cards that have been specifically designed with cryptocurrency mining in mind.
There is a lot more Litecoin available than Bitcoin. At its maximum, there will only be 84 million Litecoin. It is less scarce than Bitcoin. However, the benefit of Litecoin is that it is designed to be easier to adapt as a traditional asset. Aside from the above-mentioned factors, there is little difference between Litecoin and Bitcoin. In 2017, Litecoin jumped to $400. Now, it is staying in the mid-hundreds.
Learn more about Litecoin and see how RockItCoin Bitcoin ATM is making it easier for people to get access to this versatile cryptocurrency through their kiosks and ATMs when you visit their website.
