Litecoin general information and website url
Litecoin

Code: LTC

Overview Rating
Price Action
$95.69
Change

Currency

9.01

Percentage

10.39%
Credit Card

Buy Litecoin using your credit card, our partner accepts Visa and Mastercard

Exchange

Exchange your coins with other instantly through our partner's page

Wallets

Open a cryptocurrency wallet now, after depositing you will get a free $10 to start

Litecoin Information

Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

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.

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.

- Faster transaction confirmations (2.5 minutes on average)

- Scrypt-based mining proof-of-work algorithm

- 84 million litecoins

- Higher transaction volume than Bitcoin

- MIT/X11 license

insert_chart

Market Capitalization

$5,918,117,888
Website

Visit Litecoin website for more information.

More Coins

Navigate and study featured, trending and interesting coins to wisely build your investing decisions. Always remember to invest based on your own analysis not on what someone told you, anyway please don't invest what you cannot afford to lose, keep in mind market risks are insanely high ...

All Coins Invest
share
share
Home Crypto currency market information and analysis
Litecoin Check out Litecoin (LTC) market info such as interactive price charts, indicators, volumes, quotes, news and more
Litecoin Key indicators Litecoin (LTC) market share, OLH prices, current & total Supply, market cap, volumes and more
Litecoin Historical data Check and download Litecoin (LTC) historical prices and volumes
Litecoin Social Insights Read what people say about Litecoin cryptocurrency in Twitter, Facebook, Instagram and Pinterest
Litecoin news Read latest Litecoin (LTC) news and information, find stories, updates and keep yourself updated
Litecoin Chart See Litecoin (LTC) interactive price and volume charts, you can freely download or extract market data
Litecoin Info Facts provided or learned about Litecoin (LTC) at your fingertips
Coins Check more than 1700 cryptocurrencies including the most successful coins like Bitcoin and Ethereum
Market Cap Cryptocurrency market capitalization information and rankings
Top Risers Biggest crypto coins gainers for the last 24 hours
Top Fallers Biggest crypto coins losers for the last 24 hours
Hall of Fame See best coins depending on cryptocurrencies market share
Volume Biggest crypto coins volume change for the last 24 hours