Trezor implemented support for Litecoin!
When you want to store your Litecoin securely, you can do that now with Trezor! Trezor supports beside Bitcoin some other altcoins like Ethereum, Dash and Zcash too. From now you can store Litecoins too on your Trezor hardware wallet. When you buy a new one, the Litecoin wallet is available by default. When you own a Trezor already, you can store Litecoin too, but you first have to download the latest updates.
Why is Litecoin interesting?
Litecoin is the lightweight and fast little brother of Bitcoin. Bitcoin is often referred as digital gold and Litecoin as digital silver. Litecoin has proven to be able to exist next to Bitcoin. It is easier to make updates on Litecoin, this makes it a perfect testnet for the bigger and more robust Bitcoin.
Also Litecoin is able to (temporarily) take over certain use cases in the market of Bitcoin, when Bitcoin is not able to deliver them properly. A great example is the shift of mini and micro transactions to the Litecoin network, when the scaling problems in Bitcoin increased and the transactions got more expensive and took longer to be confirmed.
Why to store Litecoin on a hardware wallet?
The above mentioned reasons make Litecoin a possible good investment for the long run. A hardware wallet is one of the most secure ways to store cryptocurrencies and will still give you the possibility to make easy and secure transactions. Beside the Trezor, also the Ledger is compatible with Litecoin wallets.Order Trezor Wallet