Litecoin (LTC)
What is Litecoin?
Here are five key points about the Litecoin blockchain:
Created in 2011 by Charlie Lee, Litecoin was designed as a lighter version of Bitcoin, with faster transactions and more accessible mining. Often referred to as "digital silver".
Litecoin generates blocks every 2.5 minutes - four times faster than Bitcoin’s 10-minute block time.
Lower fees make Litecoin well-suited for frequent or smaller payments.
The maximum supply is capped at 84 million coins, four times that of Bitcoin.
Litecoin’s developers have implemented upgrades like Segregated Witness (SegWit) and the Lightning Network to improve scalability and efficiency.
Tip: Learn more by reading our article: What is the Litecoin blockchain?
Litecoin support in Wraith Wallet
Wraith Wallet provides full support for Litecoin. You can:
Buy LTC with debit or credit cards.
Store LTC securely with self-custody of your keys.
Send LTC to any Litecoin wallet.
Receive LTC with SegWit (Bech32) addresses.
Getting Litecoin
Buy LTC directly in Wraith Wallet.
Receive LTC using your unique address in the app.
Litecoin transaction fees
Litecoin’s low fees make it practical for frequent use, often costing only fractions of a cent.
Fees are dynamic and fluctuate based on demand.
The network’s faster blocks keep costs low compared to Bitcoin.
Tip: Check current LTC fees using a Litecoin block explorer. In Wraith Wallet, fees can be adjusted by tapping Network fee.
Checking your LTC balance
Wraith Wallet connects directly to the Litecoin blockchain.
Tap the three dots in your LTC wallet.
Select View address on Blockchair to see your balance and transactions.
Blockchair is the default Litecoin explorer for Wraith Wallet.
Why use Wraith Wallet for Litecoin?
Fast and simple: Easy to buy, send and receive LTC.
Low-cost: Benefit from Litecoin’s fast and cheap transactions.
Secure: Private keys stay under your control in a self-custodial wallet.
Up-to-date: Ongoing support for protocol improvements like SegWit and Lightning Network.
Conclusion
Litecoin (LTC) offers speed, affordability, and a strong history of reliability. With Wraith Wallet, you can buy, send, and manage LTC confidently in a secure, easy-to-use environment.
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