Crypto-currencies are becoming increasingly popular for e-commerce and other online operations. Their advantage over standard money is that their cost is variable; that is, you can purchase e-money or use it to make payments or purchases when its cost is low, and sell or save it when their price rises.
Litecoin is a virtual currency that you can purchase for standard money and use to make payments or other commercial operations. This program lets you manage your Litecoin operations, such as sell and purchase goods and services using Litecoins, encrypt your virtual wallet, set and/or change the wallet's password, keep a log of your transactions, and more.
In general, the program is very straightforward; nevertheless, you need to have some knowledge about e-currencies and e-commerce to use the program (and the currency). If you don’t have such knowledge, it is advisable to do some research first.
There are multiple versions of the program to suit your different needs. For example, if you intend to use the currency from your different devices, you can download the Windows (32 and 64 bits), MacOs, Android and/or Linux versions. Also, you can customize the language of the interface if English is not your mother tongue.
The disadvantages are that Litecoin (and e-money in general) is not accepted on many commercial sites. Also, since the program is based on the Blockchain technology, it can take a while (up to 2 days) to download the blocks needed to make the program work.
Finally, as with any other online operation involving money, you need to be very careful when using the program and the crypto-currency.
- The core program is free to download and use
- It has a multi-language interface
- The Litecoin is not accepted in a huge variety of business
- You need to have some knwledge about e-currencies and e-commerce to use this crypto-currency