Top Litecoin Faucets
Are you looking for the Best Litecoin Faucets that you can trust?
I’am exited to introducing the best Crypto faucets out there, so that you don’t have to spend time figuring out which one to choose. We put our selected faucets through testing to determine whether it is worth your time and money. We have presented below a list of the best Litecoin faucets.
What is Litecoin?
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Find support across a growing number of Litecoin communities:
Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
Up-to-date network statistics can be found at Litecoin Block Explorer Charts.
Source code for Litecoin Core and related projects are available on GitHub.
Open Source Software
Litecoin is an open source software
project released under the MIT/X11 license which gives you the power to
run, modify, and copy the software and to distribute, at your option,
modified copies of the software. The software is released in a
transparent process that allows for independent verification of binaries
and their corresponding source code.
The Litecoin blockchain is capable of
handling higher transaction volume than its counterpart – Bitcoin. Due
to more frequent block generation, the network supports more
transactions without a need to modify the software in the future.
a result, merchants get faster confirmation times, while still having
ability to wait for more confirmations when selling bigger ticket items.
Wallet encryption allows you to secure
your wallet, so that you can view transactions and your account balance,
but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Miners are currently awarded with 25 new
litecoins per block, an amount which gets halved roughly every 4 years
(every 840,000 blocks).
The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.