WHAT IS LITECOIN?
THE GREAT REVELATION IN THE WORLD OF CRYPTOCURRENCIES
Cryptocurrencies are not a utopia of the future or an inconsistent reality. Its use and expansion are fully established and, best of all, its operation has become effective. Bitcoin opened a path in 2009 that has not stopped widening. Its success was the incentive for other cryptocurrencies to appear that little by little are claiming their place. One of them is Litecoin.
Like Bitcoin, Litecoin is based on blockchain technology. Therefore, it has a decentralized system where no one has power over the currency. Both have many similarities, but until 2019, Litecoin (created in 2011 by Charlie Lee) had remained more than a low-key role and in the shadow of Bitcoin. But things have changed. Litecoin's boom is unstoppable and its value has come to exceed $300. This has made it already among the five most important cryptocurrencies worldwide.
One of the main characteristics of Litecoin, which at the same time is the main difference with Bitcoin, is the speed of its transactions. The key is that it generates blocks four times faster than its competitor. Also, Litecoin's coin issuance limit is higher than Bitcoin's. But as with all cryptocurrencies, no one can foresee the future fluctuations that will obviously occur.
More information about Litecoin at: https://litecoin.org/es/
Where can we pay with Litecoin
Paying with Litecoin as with any other cryptocurrency is not a chimera or something out of a movie. It is an established reality that has begun to coexist with the use of traditional currencies. An example of this is that more than 40,000 companies worldwide accept paying with Litecoin. Among them is Official Magic Hair.
The best cryptocurrencies
Although it is something new for many and very recent, there are currently some 2,000 cryptocurrencies on the market. An overwhelming offer that makes it essential to know which ones work best. What is clear is that the advantages of using them are numerous. We will cite four of them.
- One of its great values is the speed with which transactions are carried out, which sometimes does not exceed a few seconds.
- Its operation is also transparent as it is not centralized in a single organization as is the case with the dollar or the euro, to give two examples. Anyone can access the ledger, something that would be unthinkable with traditional currencies.
- Another unique feature of cryptocurrencies is their hacker-proof security. Likewise, operations cannot be reversed except by the person receiving the payment.
- International operations are easier when operating with a common currency that is increasingly accepted by more and more companies and financial institutions.
Taking into account its advantages, we are going to review the best cryptocurrencies that currently exist in the world and that have a greater market capitalization.
- Bitcoin . Although it has suffered numerous ups and downs, Bitcoin, the first cryptocurrency to hit the market, still occupies the first position in all the lists. Experts say that its trend is upward, although it has increasing competition.
- ethereum . It is the second most used cryptocurrency after Bitcoin. It is more varied by allowing the development of smart contracts with its platform.
- Litecoin , created by ex-Google employee Charlie Lee in 2011, was released as an alternative to bitcoin.
- Bitcoin Cash . Generated to process more transactions per second than Bitcoin.
- DAI : A virtual currency that can be used by anyone, anywhere and at any time. Dai is a stable, decentralized currency that does not discriminate.
- USD Coin : The USD Coin (USDC) is a type of cryptocurrency that is also called “Stablecoin” or stable price. So called thanks to the fact that each USDC is backed by one US dollar, reserved in a bank account .
How to buy with Litecoins in Official Magic Hair?
Carry out the search for the products you want in Magic Hair Official and add the products of your choice or any product available on our website to the cart.
On the payment screen, select the COINBASE COMMERCE option from the available options.
After clicking "Checkout" you will be redirected to Coinbase Commerce to complete your purchase.
On the Coinbase Commerce platform you have the option to:
- Pay with the cryptocurrencies that you have available on the Coinbase website, by pressing the "Pay with Coinbase" button. You will be asked for your username and authentication to login.
- Or you can also press the button of the cryptocurrency with which you are going to make your payment, the options that we offer you are Bitcoin, Ethereum, USD Coin, Dogecoin, Litecoin, Dai and Bitcoin Cash.
Once you have selected the desired option for your payment, the encrypted address to which you must make the transfer from your litecoins wallet and the total number of litecoins needed to complete your payment will appear. Or use the QR code from your mobile; our system will verify that we have received the payment and confirm your order.
It's that easy, you will receive your order confirmation by email. Save our email in your contacts so that our communications do not go to the spam tray, our email is email@example.com
If you want advice about our products or have any other questions you can contact us, you have many ways to do it, the following are the contact forms that we offer you:
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