Litecoin is a peer-to-peer cryptocurrency that operates on a decentralized blockchain, designed for fast and low-cost transactions, making it a popular alternative to Bitcoin.
Assets you can buy on
Litecoin
chain
Litecoin is a decentralized cryptocurrency that was created by Charlie Lee in 2011 as a fork of Bitcoin, aiming to offer a lighter and faster alternative to the original blockchain. It utilizes a proof-of-work consensus mechanism similar to Bitcoin but with a shorter block generation time of approximately 2.5 minutes, enabling quicker transaction confirmations.
The Litecoin network is designed to handle a higher transaction volume, making it suitable for everyday transactions and payments. As a result, Litecoin is often referred to as "silver to Bitcoin's gold," reflecting its role as a complementary asset in the crypto space.
Litecoin is similar to Bitcoin but offers faster transaction times and a different hashing algorithm (Scrypt vs. SHA-256), which allows for quicker confirmations and a more egalitarian mining process.
With Kado, you can automatically connect your Edge wallet to on-ramp LTC. You can also manually enter the address of any Litecoin-supported wallet.
Currently, you can buy LTC through Kado to your self-custody wallet.
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