Litecoin involves the process of creating and transferring digital currencies through open source encryption protocols. It uses blockchain technology to record a distributed public ledger of all transactions.

What is blockchain? Blockchain is a shared digital ledger that contains records of all Litecoin transactions. The most recent cryptocurrency transactions are grouped into "blocks" by miners. These blocks will then be securely encrypted and then linked to the existing blockchain. Similar blockchain technology is used in many different digital cryptocurrencies, including Litecoin and Bitcoin.

Litecoin involves the process of creating and transferring digital currencies through open source encryption protocols. It uses blockchain technology to record a distributed public ledger of all transactions.

What is blockchain? Blockchain is a shared digital ledger that contains records of all Litecoin transactions. The most recent cryptocurrency transactions are grouped into "blocks" by miners. These blocks will then be securely encrypted and then linked to the existing blockchain. Similar blockchain technology is used in many different digital cryptocurrencies, including Litecoin and Bitcoin.