In order to be considered a successful and valid transfer, every Litecoin transaction must be added to the Litecoin blockchain - the official public ledger of all completed transactions. Miners get financially rewarded for processing these transactions, and thus supporting the Litecoin network. With every block (a collection of transactions) added to the blockchain comes a bounty called a 'block reward,' as well as all fees sent with the transactions that were confirmed and included in the block. The average Litecoin transaction fee is less than a penny!
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As a not-for-profit organization, the Litecoin Foundation relies on the generosity of the community. Any and all donations to help further the development and advancement of Litecoin are greatly appreciated!
