Litecoin (LTC) News, Price Predictions, Opinions and Analyses Created by Users

Litecoin (LTC)

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Litecoin (LTC) is a P2P and open source project invented by Charlie Lee in 2011. The LTC token resembles Bitcoin in many ways, but has many distinct differences which has led market enthusiasts to dub it the silver to Bitcoin’s gold. 

Litecoin is a fork of Bitcoin Core, and has a block generation time that is a quarter of Bitcoin’s, at 2.5 minutes and 4 times as many max tokens at 84 million tokens. It is also uses a different hashing algorithm that is more demanding of memory. 

Its mining algorithm requires processes to take place serially, which significantly reduces the advantage of those capable of purchasing ASIC hardware. The intention was to make mining as decentralized as possible, i.e. it makes the power to purchase expensive hardware less of a factor in determining mining capacity. Bitcoin, at this point, is well-known for its mining to be out of reach of most people. Litecoin is a financially lucrative alternative to the number 1 token in this regard.

LTC continues to be one of the most discussed and monitored cryptocurrencies still, years after its launch, a distinction not shared by many other cryptocurrencies. The quicker transaction processing times has led some analysts to believe that Litecoin will be a better alternative to Bitcoin in real-world applications, but scalability and performance improvements to Bitcoin (and Litecoin itself) could change opinions in the years to come. Founder Charlie Lee himself has said that Bitcoin does well as a store of value, while Litecoin is optimal for day to day transactions. 

In this tag, read Litecoin (LTC) news, price predictions, opinions and analyses created by users.


TREVOR'S DAILY CRYPTO POLLS - May 23rd, 2021

24 May 2021 1 minute read 0 comments TrevorBalthrop

Hello out there in the world of Crypto! My name is Trevor and today, the Daily Crypto Polls are back!I was temporarily suspended from Twitter for no good reason which stopped the polling for a bit.Back up and at em' now!The goal for doing Polls like...

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22 May 2021 1 minute read 0 comments cryptospa

*watch on DTube Hello, dear members of Publish0x! In this video, I showed some interesting information on the chart of Litecoin (LTC/USD), which revealed the current situation in the cryptocurrency market. Enjoy watching the video and, please, comme...

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21 May 2021 1 minute read 0 comments kingscrown

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19 May 2021 1 minute read 0 comments LoveCrypto

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17 May 2021 1 minute read 0 comments busyjordy

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12 May 2021 5 minute read 14 comments johnwege

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11 May 2021 1 minute read 1 comment Fety Bernard Etienne(fetinafety)

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11 May 2021 1 minute read 0 comments KatsuCrypto

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10 May 2021 1 minute read 0 comments dexpartacus

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10 May 2021 1 minute read 0 comments cryptogardens

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