Litecoin @LTCFoudation: Ultra VIP tickets for "Feel the K-pop" concert will be available at 7pm EST today and exclusively with Litecoin! #PayWithLitecoin Ultra VIP 1 (Row 1&2) - 10 LTC Ultra VIP 2 (Row 3&4) - 8 LTC

@LTCFoudation: Ultra VIP tickets for "Feel the K-pop" concert will be available at 7pm EST today and exclusively with Litecoin! #PayWithLitecoin Ultra VIP 1 (Row 1&2) - 10 LTC Ultra VIP 2 (Row 3&4) - 8 LTC
Beginner's Guide: Where to start & FAQ!
LNTrustChain arrives in Iran - BItcoin is a true example of censorship resistance and borderless value transfer, via the LightningNetwork
My Second Official Statement on Coinomi Wallet "Spell Check" Scandal [video included]
Is it possible to do an LTCLNTrustChain?
[SPOILER] Ben Askren (Litecoin Supporter) vs Robbie Lawler (Former UFC Champion)

@LTCFoudation: Ultra VIP tickets for "Feel the K-pop" concert will be available at 7pm EST today and exclusively with Litecoin! #PayWithLitecoin Ultra VIP 1 (Row 1&2) - 10 LTC Ultra VIP 2 (Row 3&4) - 8 LTC

Posted: 02 Mar 2019 03:11 PM PST

submitted by /u/ecurrencyhodler
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Beginner's Guide: Where to start & FAQ!

Posted: 02 Mar 2019 03:16 PM PST

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Welcome to /r/Litecoin!

(Re-post of u/Sparkswont cuz it was archived)

Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

What is Litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.

So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Still confused? Take a look at this video!

Where can I buy Litecoin?

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

Exchange
Coinbase USD/Euro/GBP
Bithump KRW
OKCoin Euro/Yen/USD
OKex CNY
Btcmarkets.net AUD
Bitso MXN
Zebpay INR

Where can I securely store Litecoin?

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.

Some other options are:

Wallet
Electrum Lightweight Wallet
Official Core Wallet
LiteVault Secure Web Wallet
Paper Wallet Instructions

If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, /u/losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.

Wallet
Ledger
Trezor
Keepkey

Where can I spend Litecoin?

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /r/AcceptingLTC.

Here are also several of our favorite merchants accepting Litecoin.

Where can I discuss Litecoin?

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:

Platform
Reddit
Litecoin Markets Subreddit
Discord
Official Forum
IRC

Additional Resources and Help

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!

submitted by /u/ecurrencyhodler
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LNTrustChain arrives in Iran - BItcoin is a true example of censorship resistance and borderless value transfer, via the LightningNetwork

Posted: 03 Mar 2019 07:48 AM PST