Sirwin
Sirwin

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.


The Man Of Tomorrow #10 - One Year Of Bitcoin ($BTC) and Litecoin ($LTC)

29 Mar 2024 2 minute read 6 comments PVM

The Man of Tomorrow series often presented some insights from my day-to-day life, how I spend my time, and those little motivational stories that will make you more ambitious. The focus will shift towards annual reviews and similar stuff ... therefor...

Lite Coin - Chronicles of a Crypto

26 Mar 2024 1 minute read 0 comments Flxyz

Litecoin was created in 2011 by a former Google employee named Charlie Lee. Inspired by Bitcoin, Lee sought to address some of the shortcomings he perceived in Bitcoin's design, particularly regarding transaction speed and fees. Thus, Litecoin was bo...

The Practical Utility of MATIC (Polygon)

24 Mar 2024 2 minute read 0 comments WinterYeti

For a number of years when I needed to move crypto, cheap and fast, I used three coins. One was Banano (BAN). A second was Litecoin (LTC), and sometimes I would use NANO. The problem with all of those, however, is that their network reach is limited....

Litecoin: The New Star Of Crypto Payments.

9 Mar 2024 3 minute read 4 comments CryptoEntrepreneurs

Litecoin (LTC), in a surprising and exciting turn for the cryptocurrency world, has emerged from the shadow of Bitcoin (BTC) to claim the throne as the preferred payment option. According to recent data released by Bitpay, Litecoin has reached an all...

Onecoin(ONECN) - Focusing on Success and the Future

22 Feb 2024 5 minute read 5 comments Eddyc

Greetings Friends; In this article I'm going to write about Onecoin(ONECN), a blockchain that aims to deliver interesting rewards for users and development. It may sound strange, but it actually makes sense to set aside stakes for development. A com...

Binance is removing Monero. Is Litecoin next?

8 Feb 2024 1 minute read 1 comment Stormgain

The de-listing of the anonymous Monero coin was a logical consequence of a pre-trial agreement between Binance and the US Department of Justice in November, under which government agencies were given unrestricted access to all documentation and the c...

A simple way to create secure brain wallets for LTC

31 Jan 2024 3 minute read 0 comments I_g_o_r

Classical brain wallets (see [1]) are not secure and have the same problem as weak passwords: -they are easy reconstructed by hackers. In this post, we learn how to create secure brain wallets for LTC, using private dynamical passwords generators (DP...

Early history of Litecoin

16 Jan 2024 1 minute read 0 comments sleepyjey

I was looking at some crypto coins and their early history and Litecoin history was quite interesting.  Litecoin, often considered to be one of the earliest altcoins, was created by Charlie Lee. Here's a brief overview of its early history: Launch:...

Litecoin - still rocking into 2024

14 Jan 2024 1 minute read 0 comments Justin Spencer

Litecoin was created in 2011 by Charlie Lee, a former Google engineer. It was designed to be a peer-to-peer digital currency that offers faster transaction confirmations and a different mining algorithm than Bitcoin, its more well-known counterpart....

Cryptos I plan to buy (and sell) in 2024

8 Jan 2024 1 minute read 6 comments LeftFooted

I've been in crypto since 2016 and there are only four cryptos I've held the entire time, and those are XRP, LTC, BTC and ETH. Two of these cryptos, XRP and LTC, are, in my opinion, no longer relevant to the point where it makes sense to hold on to...