LTC - Silver to Bitcoin’s Gold
Block time： 2.5min
Public sale start date：2011/11/9
Reward halfing：4 years
What is LTC?
Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.
By far the most fundamental technical difference between Bitcoin and Litecoin are the different cryptographic algorithms which they employ. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt.
Litecoin aims to be a more advanced version of Bitcoin. It has 3 main advantages:
1. The equivalent figure for Litecoin is roughly 2.5 minutes, this difference in confirmation time could make Litecoin more attractive for merchants.
2. Litecoin can accommodate up to 84 million coins, 4 times of Bitcoin's.
3. Litecoin makes use of a comparatively new algorithm known as Scrypt, introduced by Colin Percival, which makes mining easily accessible.
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.