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Nakamoto's genius, then, was not any of the individual components of bitcoin, but rather the intricate way in which they fit together to breathe life into the system. The timestamping and Byzantine agreement researchers didn't hit upon the idea of incentivizing nodes to be honest, nor, until 2005, of using proof of work to do away with identities. Conversely, the authors of hashcash, b-money, and bit gold did not incorporate the idea of a consensus algorithm to prevent double spending. In bitcoin, a secure ledger is necessary to prevent double spending and thus ensure that the currency has value. A valuable currency is necessary to reward miners. In turn, strength of mining power is necessary to secure the ledger. Without it, an adversary could amass more than 50% of the global mining power and thereby be able to generate blocks faster than the rest of the network, double-spend transactions, and effectively rewrite history, overrunning the system. Thus, bitcoin is bootstrapped, with a circular dependence among these three components. Nakamoto's challenge was not just the design, but also convincing the initial community of users and miners to take a leap together into the unknown—back when a pizza cost 10,000 bitcoins and the network's mining power was less than a trillionth of what it is today.casascius bitcoin

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What is Litecoin (LTC)?
Litecoin was launched in October 2011 and is one of the oldest cryptocurrencies in existence. Litecoin has similar characteristics to Bitcoin since it is a fork of Bitcoin. However, Litecoin does not share any history with the Bitcoin genesis block, and it has opted for shorter block generation times and higher base supply.
How to Buy Litecoin
Buy LTC with Bank Transfer
Buy stablecoins listed on Binance by wiring money from your account to the providers of these coins. Then, use these stablecoins to buy Litecoin on the Binance exchange.

Trade Litecoin
Binance supports the deposit of more than 150 cryptocurrencies, several of which you can exchange for Litecoin at some of the best rates in the market.

Buy Litecoin with Credit Card
You can directly purchase Litecoin with credit card on Binance. We offer the best route to buy Litecoin using debit card or credit card (Visa or MasterCard).
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After you buy Litecoin, you can hold on to it and wait for the right opportunity to use it. You can store your LTC safely on your Binance account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.


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You can trade Litecoin for 150+ cryptocurrencies on Binance’s industry-leading, fast, and secure trading platform. Binance offers several trading pairs for Litecoin to meet your needs.


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Litecoin, which has tested various new features that allows its network to process more transactions, is a cryptocurrency commonly sent across the globe.


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With Litecoin, you can send payments to anyone in the world at fast transaction speeds made possible by Litecoin’s shorter block generations.


Donate Litecoin
Binance Charity projects aim to improve the lives of people in the bottom billion using a range of initiatives which involve crypto donations and the power of blockchain to create opportunities for change. You can convert Litecoin and donate so no one misses out on the growth made possible by blockchain.



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