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Furthermore, it additionally serves as a advertising tool for bounty and airdrop campaigns. Even though Litecoin was created based mostly on the Bitcoin crypto cipher, it cannot be known as a coin that differs from the most popular forex only in name. The primary characteristic of this coin is that it eradicated the primary flaw that Bitcoin had, namely the scaling downside. Miners are currently awarded with 12.5 new litecoins per block, an amount which will get halved roughly each 4 years (every 840,000 blocks). The Litecoin community is subsequently scheduled to provide 84 million litecoins, which is 4 instances as many currency units as Bitcoin.
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