What is LiteCoin & How it works?

Litecoin is an open-source, secured, decentralized blockchain network that facilitates instant transactions. In fact, Litecoin can handle higher transaction volume than the most popular cryptocurrencies like Bitcoin due to frequent block generation. The wallet encryption feature of Litecoin prevents wallet-stealing viruses and ensures your authorization before sending payments. Above all, Litecoin miners receive 6.25 new Litecoins per block, and the network is scheduled to produce 84 million Litecoins, which is four times more than Bitcoins, making Litecoin mining a lucrative field for miners.

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