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.


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...

Cryptocurrency Transaction Fees Surge as Bitcoin and Ethereum Users Shift Towards Litecoin

6 Jan 2024 1 minute read 0 comments Coinseek

Cryptocurrency transactions witnessed a dramatic surge in network fees during 2023, fundamentally impacting users of leading cryptocurrencies like Bitcoin and Ethereum. The escalating network costs spurred a noticeable shift towards more economically...

Litepick - Get Litecoin for free every hour

26 Dec 2023 1 minute read 2 comments ilmeg

Litepick Join Litepick for free Litepick.io is an Free LTC faucet that enables users the ability to earn free litecoins every hour. You are able solve captchas in order to accrue these litecoins.Litepick.io also provides a platform includes fair gam...

Stohncoin(SOH) - A Year of Expansion and Thanks to Everyone

23 Dec 2023 4 minute read 0 comments Eddyc

  Greetings Friends; This article is to thank the community and everyone who is part of the Stohn ecosystem and for their commitment. It's the end of the year and there's nothing fairer than writing a thank you article on behalf of Stohncoin, is the...

Bitcoin's fee hike leads to increased demand for Litecoin

19 Dec 2023 1 minute read 3 comments Stormgain

On 17 December, the average fee in the Bitcoin network set a one-year high, reaching $37. Binance contributed by listing ORDI in November. As a result, the token's price rose ten-fold. The average fee has seen a six-fold growth during the same time....

My Favorite Site For Some Extra Time Play To Earn

17 Dec 2023 3 minute read 0 comments Coins Reporter

Online crypto faucets, PTC sites, Offerwalls and play to earn platforms have been around for over a decade now. Even before the inception of Bitcoin, there were websites that used to provide these kind of opportunities while paying in USD and others...

A crypto experiment - I'll let you know how it goes

16 Dec 2023 1 minute read 0 comments LeftFooted

Revolut was one of the first companies to offer an easy to way to buy 'collections' of crypto. It's pretty straightforward. You pick a 'group' of cryptocurrencies, and invest any amount you want, which is split equally across cryptos of the same typ...

Here goes FOMO

9 Dec 2023 7 minute read 0 comments fisherofmen

We all know what is next.  At least, I do.  But do you know what else is next?  And what else?   Everyone who has been on this crypto-ship for a while knows that the winds just picked up and everyone on board is slowly looking up and seeing the gathe...

Litecoin is not the only alternative these days

28 Nov 2023 2 minute read 0 comments Bala

Once upon a time when Bitcoin was the only coin, there was no other alternative and the first alternative that came into existence was Litecoin. Back then Bitcoin was compared to Gold and Litecoin was compared to silver. This is no longer the case. M...

This biggest red flag you shouldn't ignore before buying crypto

26 Nov 2023 1 minute read 2 comments LeftFooted

I happened upon a study that I found quite compelling. A crypto magazine called CoinKickoff put together a list of cryptocurrencies by the number of whales that control the majority of the supply and, more importantly, the percentage of total supply...