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What Is Litecoin?

By Lyle Daly – Updated Dec 31, 2024 at 4:31PM

Key Points

  • Litecoin, launched in 2011, processes transactions faster and cheaper using blockchain technology.
  • Litecoin's value hinges on user adoption and features like faster transactions than Bitcoin.
  • Risks for Litecoin include low merchant acceptance and potential obsolescence due to competition.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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