Litecoin is a decentralized currency, similar to Bitcoin. Just like its predecessor, you can be sure to have fast transactions using this digital currency. With a growing number of LTC users, you know that more merchants will accept this mode of payment in the future, including online casinos and other sites where you can play dice. If you want to know more about this digital currency, then you have come to the right place.
No central authority in Litecoin
Since Litecoin is a decentralized currency, no central authority governs the production and transactions using this currency. You can find all the transactions made using this currency in a public ledger known as blockchain. You need to have a wallet where you can store your LTC. You use this wallet when you make online transactions using this digital currency.
Get Litecoin in a number of ways
You can get LTC in a number of ways. You can participate in the mining of this digital currency, which happens to be easier with the help of scrypt algorithm. With this system, you can use a regular computer to mine. You can do solo mining or pool mining, where you get to mine with other miners. Either way, you can expect an easier and less complicated way of getting coins. Other than mining, you can do Litecoin exchange by simply finding online sites that trades in LTC.
Litecoin creates a block every 2.5 minutes
You can create a block in Litecoin every 2.5 minutes, which is four times faster than Bitcoin’s 10 minutes. This makes every transaction faster. Its network will produce 84 million LTC, which is four times greater than Bitcoin as well. You can also check how much coins you can earn by using the Litecoin Calculator. By checking how much coins you can earn, you will have an idea on how you will use your LTC.
Use Litecoin in Dice Game to increase your coins
You can use this digital currency in a number of ways. One way of increasing your coins is through Litecoin dice which is a variation of the famous Bitcoin dice game. You can find a number of Bitcoin dice sites that now treat Litecoin as a mode of payment just like CryptoGames.io, FortuneJack, DiceCoin and 999Dice.com. You might even find sites that allow their Bitcoin dice faucet to generate LTC, which is always helpful.
Litecoin has been in the market since 2011, and you can see that it is one of the more stable units of digital currency today. More merchants are starting to accept this currency as a mode of payment, and you can expect more in the future. Since it is now easier to get LTC, you might as well consider getting a few and see what it can do for you. But if you now have some LTC, try your luck by betting some of those coins at BitDice, Bitsler, Crypto-Games.net, SatoshiBones, and DuckDice.