Cryptocurrency Litecoin is a protected and completely anonymous payment asset that exists only in electronic form. Simply put, this is electronic money, the issue and value of which is not controlled by the economy of a single country. The market price of a virtual currency relies for the most part on the demand and features of the payment system. Litecoin is a P2P online currency that is a fork of the BTC, in other words, when creating LTC, the Bitcoin code base was used. Like Bitcoin, LTC uses peer-to-peer network rules and does not allow the presence of a single governing body, which makes it impossible to manage and manipulate the LTC rate from the central bank.
Litecoin can be collected on their own. However, now, with high interest in this crypto currency, LTC’s miners are getting bigger every day. That is why many now prefer to join together in so-called pools to increase the chances of receiving a reward, which, if successful, will be divided equally among all members of the pool. Along with this, a lot of cranes have been created or otherwise – facets that distribute Litecoin to everyone as a payment, for example, for viewing the website of advertising on them.
Playing Litecoin casino for money
Also, like Bitcoin, online casino Litecoin is best suited for playing due to increased anonymity. To maintain system security, cryptographic methods are used. Therefore, you can easily play with Litecoin (LTC) even when gambling is banned in your state. After the transaction in Litecoin casino (USA) is fully confirmed, the money will be credited to the account. Play any game in an honest casino with a real money game and win even more! Won Litecoin you can exchange either for fiat money or for another Internet-based crypto currency. To do this, use only trusted online exchangers.
The difference between LTC and Bitcoin: how to choose best Litecoin casino?
Despite all the similarities with BTC, LTC has some differences, for example, in terms of conducting a transaction. The complexity of calculating LTC is chosen in such a way that, on average, one block is generated in 2 or 2 and a half minutes, which is 4 times faster than the same operation in Bitcoin blocks. This helps to get transaction confirmation much faster. Another plus of Litecoin is that only 84 000 000 Litecoin can be produced in the network, which is four times more than the maximum amount of Bitcoin.
Litecoin gambling – anonymous and safe betting
The main advantage of Litecoin is that the use of such electronic money ensures the full anonymity of the recipient, and the amounts transferred to the wallet are not taxed. One of the first users who appreciated these revolutionary qualities were the casino owners. Crypto currency Litecoin in the casino gives the player two big bonuses:
- Complete anonymity – it is impossible to track or intervene in the transfer of funds;
- Casino with crypto currency Litecoin – a new era of gambling
- Direct transactions – any money transfer occurs directly between purses. Without intermediaries. Without interest.
Thanks to this casino with the game of crypto currency, Litecoin becomes more and more, and the level of their popularity and the size of jackpots are constantly rising. Considering also the fact that the modern government will not be able to prohibit such a casino until it makes the virtual currency an official coin of the state, we can safely say that in the near future most of all casinos will completely pass to the crypto currency.