Courtesy is usually a charm that never fails. In the midst of this explosion of digital money we probably don’t know who is who. Introductions are useful because we don’t know when we will be in a position to change from Litecoin to dollar.
The anointing of this crypto currency is given by the Massachusetts Institute of Technology (MIT) itself. Of course, it is a powerful licensing, not only in terms of pedigree, but also in terms of credibility. Litecoin is a crypto currency used in the p2p network. It carries the same name that is used as a unit of account in your ledger or blockchain.
Its protocol is practically identical to Bitcoin’s, where it was born. The protocol software is open source and licensed by the Massachusetts Institute of Technology. However, as an additional piece of information, MIT has created its own altcoin. It is called Vault. The crypto-currency “allows users to join the network by downloading only a fraction of the total transaction data”.
Change from Litecoin to Dollar
At the time of writing, 1 Litecoin was equal to $58.19. The story says that it was put online on Tuesday, October 13th, 2011. Litecoin is one of the first alternative currencies to Bitcoin (altcoin) to be created. It is listed in descending order Namecoin (April 2011), Fairbrix and Tenebrix (2011). It was born from a fork in both Bitcoin and Tenebrix. In it, the first tests of the Scrypt mining algorithm used by Litecoin were performed.
One of the most expedient ways to change Litecoin to dollars is through an Exchange. Since the intention is to transform cryptocurrencies into dollars, the need for a foreign currency trust account is obvious. In Venezuela there are options with the local bank to have an account to hold dollars. Of course the most common alternative used is accounts in foreign banking entities.
In their majority the Exchange for cryptocurrencies are online. These houses operate with shares or any other type of financial title accepted by the community that conforms it. It is there where according to the value of the crypto, the cost of the fee or commission could know what you can get in dollars.
The real father
Litecoin was created by Charlie Lee, a former Google employee, in 2011. The crypto currency was launched based on the Bitcoin protocol. However, it has different terms from the hash algorithm used. It changes the maximum limit, block transaction times and some other factors.
Litecoin was released through an open source client on GitHub on October 7th, 2011, and the Litecoin network was launched five days later on October 13th, 2011. Since then its most famous pair is Litecoin to the dollar.
Lee’s intention behind Litecoin was to create a “lightweight version of Bitcoin”. Its developers have always stated that Litecoin can be seen as the “silver” of Bitcoin’s “gold”. Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed. It’s about 2.5 minutes per block.
However, Litecoin users may have to wait about 30 minutes for their transaction to be processed due to network congestion. Litecoin is accepted at a variety of merchants, you can view an updated list on the Litecoin Foundation website.
CRIXTO uses it
The CRIXTO payment platform is an App Web Service that serves to transform cryptocurrency into dollars. However, it has a limitation, that with CRIXTO you have to acquire goods or services. It is true that the start-up that guides CRIXTO Venezuela offers a wider range of opportunities, but in the beginning we are subject to what has been described.
With CRIXTO, users have the opportunity to pay with crypto currencies in a fast, easy and safe way. CRIXTO offers daily information with which you can change from Litecoin to dollars.
You can make your payments using your cell phone in a simple, fast and comfortable way. Your Crypto currencies will be safe and secure in our platform. And you will be able to make recharges from any wallet in the world, where you have your crypto currencies.
CRIXTO is a digital platform to make payments in crypto currencies. Its scope of operations will be Latin America. So far our firm will work with Bitcoin (BTC) Ethereum (ETH) or Litecoin (LTC).
This indicates that we will be able to process payments for commercial establishments that will receive dollars, euros or legal tender directly into their bank accounts. And of course the change from Litecoin to dollars is among the fastest.
With Crixto you can make your daily purchases, paying directly with Bitcoin, Ethereum or Litecoin at the affiliated stores, in a fast, easy and secure way.