Are you interested in investing more than EUR 10'000?
The LitecoinSystem is technically almost identical implemented as the Bitcoin system. The creation and transmission of Litecoins is based on an open-source encryption protocol and is therefore not controlled centrally. A peer-to-peer network similar to Bitcoin manages all transactions, balance sheets and expenses. Litecoins are created by generating blocks based on a cryptological hash function. This process of "finding" a hash is called mining. The rate at which Litecoins are generated forms a geometric series and halves every four years until a predefined total of Litecoins is reached (protection against inflation). Litecoins, like Bitcoins, can be created individually on a single computer, for one person or distributed over several systems that belong to several people, into so-called pools.