Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.
According to Lannone, parts of NFTs were “already transacting” on eBay, but the e-commerce company is yet to simplify the process for merchants and customers.
PayPal has revealed its plans to set up a local wallet for cross-border payments in China. The company said it would not be competing with the dominant players in the country.
The price of Dogecoin made 84.7% of its surge in the last 24 hours having recorded $0.28 as its highest price point before falling back to its current price point of $0.24.
