What is Litecoin? | Litecoin Сlub
 
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What is Litecoin?

What is Litecoin?
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Litecoin - it cryptocurrency. If the term is unfamiliar to you and if you do not have the information and technical education, you can take laytkoiny as an electronic currency - albeit with some distinctive features:

1. Laytkoiny anonymous. No one, except the user can not get access to money or keep track of transactions. The user can confirm that the owner of the purse - it was he who, without disclosing your personal data.

2. The electronic wallet is not stored on the server and on a personal computer or on a disk. Thus, the money can not be stolen or block, but the user has lost wallet file, loses money.

3. The system Litecoin no central bank, administration or supervisory bodies. The system is automated and check transactions carried out by the algorithm. This means that the rate laytkoinov can not manage alone, as do the central banks of different countries.

Initially use laytkoinami may seem more unusual and complicated affair than the use of "traditional" electronic purse in any system. But do not let that bother: you can just use the money to purchase goods and services, while still not afraid of what will follow behind you, that money will steal or freeze the account.

If you are interested in the technical aspect, you should know that laytkoiny - is encrypted by a special algorithm information, which is stored in an ad hoc network around the world and is synchronized in real-time as a giant torrent file. The user can change the information freely, but this change did not find evidence of other members of the network and will not be accepted, so Litecoin - the system is practically unbreakable.




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