Cryptocurrencies are getting more attention every day as their popularity and use continue to grow. Litecoin, often referred to as “the silver to Bitcoin’s gold”, is one of the oldest and most well-known altcoins. In this article, we’ll take a look at what Litecoin is, how it’s different from Bitcoin, and where you can buy it.

Litecoin, is one of the oldest and most well-known cryptocurrency forks. It was created by Charlie Lee in October 2011.

Litecoin is a fork of Bitcoin, meaning it shares much of its codebase with the flagship cryptocurrency. However, there are several key differences between the two coins. For one, Litecoin has a faster block time than Bitcoin. This means that transactions on the Litecoin network are confirmed more quickly than those on the Bitcoin network.

Another key difference is that Litecoin uses a different mining algorithm than Bitcoin. Whereas Bitcoin uses the SHA-256 algorithm, Litecoin uses the Scrypt algorithm. This makes it difficult for miners who want to mine both coins to do so efficiently.

Finally, Litecoin has a higher total supply than Bitcoin. Whereas there will only ever be 21 million Bitcoin in existence, there are 84 million Litecoin that can be mined.

Despite these differences, Litecoin is often referred to as the silver to Bitcoin’s gold.

TradeBaionics suggest that this is because Litecoin shares many of the same characteristics as Bitcoin, but trades at a much lower price point. As a result, it is often seen as a more affordable entry point into the world of cryptocurrency.

If you’re interested in buying Litecoin, you can do so on any major cryptocurrency exchange. You can also trade in Litecoin as well as other coins like bitcoin directly from services like TradeBaionics where they offer zero commissions. You can visit their website to learn more and the features they offer for the traders.