Litecoin Domain Registration

What is Litecoin?

Litecoin (LTC) is a global, digital currency like Bitcoin (BTC) used for peer-to-peer payments. Anyone on the internet can use Litecoin to make instant payments anywhere in the world.

What is LTC used for?

Litecoin (LTC) has the same use-cases as the first and the largest cryptocurrency, Bitcoin. It is a global peer-to-peer payment network that uses LTC as its native currency. Anyone on the internet can use Litecoin to make fast and secure payments without relying on a bank or financial service provider. Today, many online as well as brick and mortar stores accept Litecoin payments.

In addition, investors and traders consider Litecoin a high-potential investment asset. This is why Litecoin has maintained the fifth spot among the thousands of other cryptocurrencies.

How does Litecoin work?

Similar to Bitcoin, Litecoin runs on the proof-of-work consensus protocol. But it uses the Scrypt hash algorithm instead of SHA-256 to increase the transaction speed of LTC.

Litecoin has a limited supply of 84 million LTC coins. New coins are mined with every new block of transactions that is added to the network. At launch, the Litecoin network offered 50 LTC to the miners who mined the blocks.

But the network automatically halves the mining rewards after every 840,000 new blocks, which happens approximately every four years. The network will continue to halve the rewards until all 84 million coins are mined.

As of December 2020, the network rewards 12.5 LTC for every new block. The next halving, expected to occur in August 2023, will further reduce the rewards to 6.25 LTC.

Litecoin payments for Domain Registration

Use litecoin-LTC to pay for domain names on x3REG. just like Bitcoin we accept litecoin payments for domain name registration.

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