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What Is Litecoin?

By Lyle DalyUpdated Dec 31, 2024 at 4:31 PM

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.

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