Detailed tutorial on purchasing LTC coins (LTC Litecoin)

What do BTC, USDT, ETH, BCH, and LTC on BiEas mean?

BTC, USDT, ETH, BCH, and LTC mean respectively:

1, BTC

Bitcoin (BitCoin), concept Originally proposed by Satoshi Nakamoto in 2009, the open source software designed and released based on Satoshi Nakamoto's ideas and the P2P network built on it. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system.

2. USDT

Tether is a virtual currency that links cryptocurrency to the legal currency US dollar. It is a virtual currency that is stored in a foreign exchange reserve account and supported by legal currency.

3. ETH

Ethereum is an open source public blockchain platform with smart contract functions. It provides decentralized Ethereum Virtual Machine (Ethereum Virtual Machine) for processing through its dedicated cryptocurrency Ether. Peer-to-peer contracts.

4. BCH

Bitcoin Cash is a new version of Bitcoin with different configurations launched by a small group of Bitcoin developers.

At 20:20 on August 1, 2017, Bitcoin Cash mining will begin, and an amount of Bitcoin Cash (BCH) equivalent to the number of Bitcoins will appear on the account of each Bitcoin investor.

5. LTC

Litecoin, abbreviation: LTC, currency symbol: Ł; is an online currency based on "peer-to-peer" technology, and is also an open source under the MIT/X11 license software projects. It helps users make instant payments to anyone in the world.

Reference source: Baidu Encyclopedia - Bitcoin

Reference source: Baidu Encyclopedia - Tether

Reference source: Baidu Encyclopedia - Ethereum

Reference source: Baidu Encyclopedia - Bitcoin Cash

Reference source : Baidu Encyclopedia - Litecoin

How to understand LTC Litecoin

Introduction: It is a currency based on the Bitcoin protocol, but it does not require extremely high computing power and can be mined using ordinary computers. Litecoin's algorithm is derived from the algorithm designed by DrColinPercival for the Tarsnap secure online backup service (for Linux and other open source operating system backup).

Release time: Litecoin was released on October 7, 2011 through the open source client on Github.

Maximum supply: 84,000,000LTC

Current total circulation: 55,152,208LTC

Market value: $8,882,916,638

What coins are BTC, LTC, ETH, ETC, and BCH? Ah

are respectively:

Bitcoin

The concept of Bitcoin (BitCoin) was originally proposed by Satoshi Nakamoto in 2009. The open source software designed and released based on Satoshi Nakamoto’s ideas and the P2P network built on it. Bitcoin is a P2P form of digital currency. Peer-to-peer transmission means a decentralized payment system.

Litecoin

Litecoin, abbreviation: LTC, currency symbol: Ł; is an online currency based on "peer-to-peer" technology, and is also an open source software under the MIT/X11 license project. It helps users make instant payments to anyone in the world.

Ethereum

Ethereum (English Ethereum) is an open source public blockchain platform with smart contract functions that provides a decentralized virtual machine ("Ether Virtual Machine") through its dedicated cryptocurrency Ether. Ethereum Virtual Machine) to handle peer-to-peer contracts.

Ethereum

The token on the Ethereum blockchain is called Ether, code is ETH, and can be traded on the foreign exchange market of many cryptocurrencies. It is also used on Ethereum to pay transaction fees and The medium for calculating service fees.

Bitcoin Cash

Bitcoin Cash is a new version of Bitcoin with different configurations launched by a small group of Bitcoin developers.

Extended information:

Virtual currency refers to non-real currency. Well-known virtual currencies include Baidu Coin of Baidu Company, Q Coin of Tencent Company, Q Points, Point Coupons of Shanda Company, micro-coins launched by Sina (used for micro-games, Sina reading, etc.), Chivalrous Yuanbao (used for Chivalrous Way games) ), Pattern Silver (used in Bixue Qingtian game).

The popular digital currencies in 2013 include Bitcoin, Litecoin, Infinity Coin, Quark Coin, Zeta Coin, BBQ Coin, Penny Coin (external network), invisible gold bars, red coins, and prime coins. There are currently hundreds of digital currencies issued around the world. The legends of "Bit Gold, Lite Silver, Infinite Copper, and Penny Aluminum" are popular in the industry.

Reference: Baidu Encyclopedia--Virtual Currency

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