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.


MamaeCrypto Business Cards Finally! Keep in Touch

8 Jul 2019 1 minute read Mamaecrypto $0.12 tipped

It was about time that I got it together and made official business cards for this new and incredible life changing venture. I truly love what I do! Connecting with the crypto community has become a very fulling part of my life. I feel like I am trul...

Litecoin market update: LTC/USD sluggish above $62

30 Aug 2019 1 minute read goldenforex $0.12 tipped

Litecoin breaking breakdown discovers support above $62.   Inversion is torpid albeit specialized pointers are prepared for an up-drifting business sector. Litecoin is falling behind its friends in the progressing recuperation. A shed of green is spr...

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20 Sep 2019 1 minute read Phabulu $0.12 tipped

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Fnality, a blockchain-based company partnered with Enterprise Ethereum Alliance

1 week ago 1 minute read BitcoinNews.Today $0.12 tipped

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12 Oct 2019 1 minute read Etson0x $0.11 tipped

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3 weeks ago 1 minute read kingscrown $0.11 tipped

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Review of Litecoinpool.org

1 day ago 1 minute read AverageVancouverite $0.11 tipped

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NORTHERN (NORT) Bringing a new Awesome Exchange - nortexchange

24 Sep 2019 3 minute read Phabulu $0.11 tipped

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Earn Litecoin with this app!

8 Nov 2019 1 minute read Ryuji $0.11 tipped

I will be very short! Thanks to this app we will be able to earn litecoin (at the moment it is the app that PAYS always and with the highest payment!).Download the app, you register and every hour you can withdraw "x" litecoin (there is also another...

Update 12: Cats cryptocurrency prediction experiment!

23 Jun 2019 1 minute read Piet246 $0.11 tipped

After a week that was the big breakout of BTC above the 10.000$ mark. I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physical coins of cryptocurrency in front of the cat. He chose Ethereum...