LITECOIN
Litecoin is based on Bitcoin protocol but uses scrypt based cryptography algorithms rather than SHA-256. Litecoin's block generation time is four times faster than Bitcoin, with a block aimed to be produced every 2.5 minutes. This means faster confirmations of transactions. There will be four times as many litecoins produced compared to bitcoin, with 84 million to be produced.
GETTING STARTED WITH LITECOIN
As with Bitcoin, to start using Litecoins you will need a wallet address. You can download the official client here, once you have installed it you will have to wait a while for the blockchain to download fully. Once you have a Litecoin address you ready to start using litecoins, read the Buying/Exchange and Spending sections of this website to find ways of using them.
As with Bitcoin, to start using Litecoins you will need a wallet address. You can download the official client here, once you have installed it you will have to wait a while for the blockchain to download fully. Once you have a Litecoin address you ready to start using litecoins, read the Buying/Exchange and Spending sections of this website to find ways of using them.
USEFUL LITECOIN SITES
Litecoin.org - Official Litecoin site.
Litecoin.info - Litecoin wiki
Litecoin Discussion Forum
Litecoin.org - Official Litecoin site.
Litecoin.info - Litecoin wiki
Litecoin Discussion Forum
