First, google Charlie Lee who is the founder of this crypto currency. Litecoin is digital cash for the internet. With Litecoin, folks can send money over the net directly to another person for the first time, without needing a credit card or bank. Instead of the credit card company or bank, thousands of networked computers process Litecoin transactions and verify that they are legitimate transactions.
Software called wallets smartphones or computers that store your Litecoin and work with the Litecoin network to let send and receive payments. Litecoin works like Bitcoin with a private key. It’s a digital signature that the computer geeks say it can not be hacked.
Scan a QR code or copy and paste a string of letters and numbers to buy something with Litecoin. Then, with a swipe or the press of button, you can send value to anyone anywhere in the world very fast… Now is this better than Bitcoin ? All opinions welcome here.. If somebody says they know for sure what Litecoin will do in the future–please comment !
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