Press release
Kriptomat Lists Litecoin Fiat Pair
Kriptomat Lists Litecoin Fiat Pair
The coins can be stored in Kriptomat’s wallet which stores 97% of your funds offline in a safe cold storage. The coins can be bought, sold, sent to and received from any other Litecoin wallet.
About Litecoin
Litecoin is a decentralized digital currency with its own blockchain. It uses encryption techniques to create and transfer funds and to confirm transactions.
In many ways, Litecoin is very similar to Bitcoin, but with faster transaction confirmations and a different proof-of-work algorithm.
In years past, Litecoin has often been called the silver to Bitcoin’s gold standard and it remains one of the most popular cryptocurrencies.
And while the identity of the Bitcoin creator Satoshi Nakamoto is shrouded in mystery, Litecoin’s creator Charlie Lee is very active on social media. As such, there is less community infighting over upgrades, so Litecoin is generally faster at adopting new technologies.
Charlie Lee created Litecoin in 2011.
The maximum supply is 84 million LTC coins, and just over 70% of them have already been mined. Don’t worry though, the last coin is expected to be mined more than 100 years from now.
The reward is halved every 840,000 blocks, with the current reward being 50 LTC. The block time is roughly 2.5 minutes compared to bitcoin’s 10. This means that Litecoin can handle a higher volume of transactions and it reduces the risk of double spending attacks.
Litecoin is being adopted around the world at an increasing rate. With its security, speed and low fees, Litecoin is one of the most popular cryptocurrencies for consumers, merchants, and payment processors.
For more information about Litecoin, visit the official website.
Kriptomat is a product of Slovenian crypto expertise. The founders have recognized the need for a crypto platform for non-tech savvy users. It is one of the few digital currency platforms that has officially been licensed for providing digital wallets and services of exchanging a virtual currency against a fiat currency.
Kriptomat OU
Roosikrantsi 2
10119 Tallinn
Estonia
Contact: Saso Merkac
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