In the U.S., we often think of cryptocurrencies’ value relative to U.S. dollars, and their performance compared to traditional investments. Much of the demand and utility for cryptocurrencies is on a global level or provides localized benefits.
Consider countries where runaway inflation has ravaged the value of earnings and savings (Venezuela) or countries where bank assets can be frozen at any time (Greece).
Cryptocurrencies have a value that reaches far beyond these limitations and can potentially become a more stable alternative to fiat currencies around the world.
What is Litecoin?
Introduced in 2011 and described as a clone of Bitcoin, Litecoin began with the Bitcoin codebase. However, Litecoin brings a few unique traits of its own.
Among its distinguishing features is a finite supply of 84…