What is Litecoin? Is it legal? Is it a scam?

Litecoin (LTC) is an improved digital currency inspired by Bitcoin (BTC). Designed and programmed by a programmer who used to work for Google, it was released and put into operation on 20 1 1 year1October 9. Litecoin and Bitcoin have the same technical realization principle, but the creation and transfer of Litecoin is based on an open source encryption protocol and is not managed by any central organization. Litecoin quotation can generally be viewed on digital currency quotation website. You can download the software and check the firecoin website you have been paying attention to at any time. However, the price fluctuation in the money market will be slightly larger, so you should pay attention to preventing risks and don't chase orders aggressively when the market goes up and down. Just leave. Litecoin has made some changes to Bitcoin, which is basically the same as Bitcoin. Some people like these changes, others pursue them.

Trading on digital currency Stock Exchange, such as Coin Security, Firecoin and bitoffer. Litecoin has no such thing as bitcoin and no issue price, which is different from other counterfeit money.

Litecoin, like bitcoin, may be worthless when it was first born. The first transaction of Bitcoin was that more than 20,000 bitcoins were exchanged for a pizza. It sounds like a joke now, but it wasn't a joke then.

Last year, the price of Bitcoin once rose to 8,000 yuan, and Litecoin also rose to the 300 yuan mark. Other counterfeit money has followed suit. But everything including Bitcoin is copying the concept, and the application infrastructure of Bitcoin cannot support such a high market value. At the order of the central bank, virtual currencies such as Bitcoin plummeted instantly. Litecoin also dropped from more than 300 at the end of last year to around 18 yuan now.

Ironically, however, some MLM coins have nothing to do with Bitcoin, and they are all fraudulent under the guise of cryptocurrency, among which the subscription coin scam is the most prominent. I hope that the majority of netizens will be vigilant and prevent being cheated.