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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.

Litecoin's prospects for a rally in 2023

2 Feb 2023 2 minute read 0 comments Stormgain

Litecoin was created in 2011 to process transactions faster and cheaper. Blocks on its chain are created four times faster, and transaction speed reaches 56 transactions per second (TPS) compared to Bitcoin's 7 TPS. The coin must be mined, its emissi...

Top 5 Coins to Try as a Payment in 2023

26 Jan 2023 3 minute read 2 comments NOWPayments

Accept cryptocurrency payments For businesses looking to provide their customers with a fast, cost-effective, and secure payment option, crypto is an ideal choice. With its low fees, quick transaction times, and enhanced security measures, crypt...

How to Mine Litecoin?

23 Jan 2023 1 minute read 0 comments coinpassglobal

As a currency that is nearly identical to Bitcoin, Litecoin (LTC) mining has become quite a widespread option for a lot of crypto traders. Mining Litecoin provides you with your very own supply, which you can then spend or trade however you like - fr...

How to buy Litecoin (LTC)?

19 Jan 2023 1 minute read 0 comments coinpassglobal

If you want to sell Bitcoin, it is important to do it correctly. Many people underestimate their options when it comes to selling bitcoin and end up accidentally cutting into their own profits or not realizing what they ar e getting into.   Litecoin...

The Basics of mining on Z-pool

17 Jan 2023 2 minute read 1 comment Wolf2015

Mining on Z-pool is easy and it allows you to mine the most profitable coin per algorithm. What I will discuss here is the bare basics of mining from the software to the setup. The software is able to be used on Linux and Windows.   Remember for the...

How to Send Salary Bonuses with Litecoin

13 Jan 2023 4 minute read 1 comment NOWPayments

Send crypto bonuses in Litecoin Litecoin is a peer-to-peer currency that enables virtually instant and cost-effective payments for anyone in the world. Litecoin is an open-source global payment network that is not controlled by any central author...

Your favorite POO coins…LTC (Litecoin).

11 Jan 2023 1 minute read 0 comments vanassen.eth

   Litecoin is one of the first generation cryptocurrencies; it was created in 2011 by Charlie Lee, a former Google engineer. It’s based on the Bitcoin protocol, but with several key differences designed to address some of of Bitcoin limitations. One...

Beware Of Stablecoins - Stability Does Not Exist

4 Jan 2023 2 minute read 4 comments Cryptofab

Stablecoins look like a safer option than other cryptos. However, the real stability does not exist, as shown by TerraUSD (UST), which is now USD 0.02... Apart from TerraUSD, there have been a number of stablecoins that have failed or have otherwise...

Referral Codes for Products I Actually Use

4 Jan 2023 5 minute read 0 comments Miss.Lakill

I love trying out new products, especially when it comes to staking platforms, currency exchanges and mobile gaming. I also usually try to find a few good referral codes for products I'm trying out because they typically come with a little invite bon...

6 Crypto Trading Strategies

1 Jan 2023 1 minute read 2 comments Cryptofab

You might have regrets about cryptos because you did not earn as much as you could expect. Most of the time, crypto holders lose money because they have no trading strategy. Just HODLing might be a strategy, but it is not the most profitable one, esp...