Litecoin (LTC) is a cryptocurrency, which was created in 2011 as a lighter, faster alternative to Bitcoin. The two primary differences are: LTC’s smaller time intervals between adding new blocks to its Blockchain, which decrease transaction times and Litecoin’s mining is governed by the Scrypt algorithm, as opposed to Bitcoin’s Algorithm. The purpose of this is to restrict ASIC miners and allow users to efficiently mine Litecoin on regular computers. This worked until Scrypt ASICs were developed. Since its creation, Litecoin has been very popular, with an almost constant presence in the top 5 of cryptocurrencies by market capitalization. LTC is often regarded as the silver to Bitcoin’s gold.
The dark web was one of the biggest drivers of Bitcoin’s notoriety in its early years. The cryptocurrency found its niche in the cybercrime market allowing for individuals to purchase illegal substances online anonymously using […]