Litecoin (LTC) is a peer-to-peer digital currency that allows instant, and almost cost-free payments to anyone from anywhere in the world. In other words, Litecoin is a decentralized platform, meaning that anyone can make transactions without any regulatory body, such as government or bank interferences. Technically, Litecoin is almost the same as Bitcoin but uses a different hash function called “Scrypt” and faster block time.
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