Litecoin is a cryptocurrency that is similar to Bitcoin. Litecoin was founded in 2011. Bitcoin was founded in 2009. Litecoin uses an open-source global payment network. It is decentralized. This means that it has no central authority, like a Federal Reserve, that governs its production, value, or use. One difference between Bitcoin and Litecoin is that Litecoin has faster block generation, meaning that it can be produced quicker.
When you purchase Litecoin from a Litecoin ATM near Hollywood, FL, you are purchasing what is considered to be one of the first altcoins that grew out of Bitcoin’s open-source code.
At the outset, Litecoin was a major Bitcoin competitor. Now, the cryptocurrency market has become saturated and competitive. As a result, Litecoin’s popularity has waned somewhat, but it is still a popular cryptocurrency.
The fact that you can find a Litecoin ATM near Hollywood, FL, is proof of its viability. Litecoin shares many features in common with Bitcoin. However, it also has adopted new technologies and is constantly being worked on in a way that will make it improve.
Toward the end of 2021, you could purchase one Litecoin for about $215. This means that at the time, it was the 14th largest cryptocurrency. Litecoin can be used as a tool to pay people anywhere in the world without needing an intermediary, like a bank or financial institution. There will never be over 84 million coins in circulation. This limits inflation.
Learn about the role RockItCoin Bitcoin ATM is playing in distributing Litecoin via its trustworthy kiosks when you visit their website.