#Litecoin [#LTC] can now be managed and directly accessed on Facebook via Lite.IM
Lite.IM, a Litecoin wallet for SMS and telegram, has now added Facebook messenger to its growing list of supported and interconnected platforms. Users with an existing account can import their existing wallet by simply logging in, while Facebook users can directly, easily and securely send, manage, and invest in Litecoin. The news of the announcement was released on their twitter page: We are happy to announce that @liteim_official is now live on Facebook Messenger. 2Bn+ @facebook users now have direct access to easily and securely, send, manage and invest in Litecoin.Michael Rodriguez, the CTO of Lite.IM, spoke about the release of Lite.IM on Facebook messenger at the Litecoin summit in San Francisco this year. Rodriguez said: “It’s pretty huge as the first crypto on Facebook is Litecoin, and this opens the door to a user base of around 2 million people all over the world. It’s also the beginning for us as we have big plans in store.” Rodriguez confirmed they have taken extra security so that third parties don’t get access to the users’ passwords. He said the main agenda was to bring Litecoin to the people who don’t have access to it by ordinary means.
About Litecoin (LTC): Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
Litecoin (LTC) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as Coinbase and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, HitBTC, and Gate.io.
Litecoin (LTC) is the 7th largest cryptocurrency by market cap. It is up 0.50% over the past 24 hours and is currently trading at $50.87 on Coinbase