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Q1 Summary Call May 05, Get Started Download the wallet and start using Digital Cash! 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. As 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 , blocks. The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin. Community Find support across a growing number of Litecoin communities: Resources Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
Blockchain The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Wallet Encryption 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. Mining Reward Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years every , blocks.