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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.


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...

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...

Litecoin vs. Ethereum: A Comparative Study

15 Apr 2024 2 minute read 2 comments Guarda Wallet

Introduction Ethereum and Litecoin are two of the most prominent cryptocurrencies today, known for their advanced features and significant user base. Ethereum was created by Vitalik Buterin. It’s not only a cryptocurrency, but also a platform for de...

Time to HODL Litecoin

25 Apr 2020 2 minute read 17 comments PVM

Litecoin was my third investment in cryptocurrencies, after the Bitcoin fiasco and a fair profit with Ethereum. I done my research and I considered Litecoin a worthy investment, and a free from censorship coin. Private, secure and border-less payment...

DeFi & The Altcoin "Season" - What's Next?

29 Aug 2020 4 minute read 27 comments Thomas Wolf

Due to a massive increase in popularity with DeFi (Decentralized Finance) oriented tokens and crypto-related projects, many people fear an "Altcoin winter" is on its way.DeFi DEX's demonstrated a 500% lead over centralized exchanges in recent months,...

Ferrite(FEC) - A crypto pointing to an unimaginable future.

10 Aug 2023 4 minute read 3 comments Eddyc

Greetings Friends; Unfortunately or fortunately the demand for privacy and excellence in the crypto world is growing every day and with that we must take into account the primary aspect of a project and in this case we can analyze the essence and wh...

Top Traded Payment Tokens on KuCoin You Need to Know About

18 Jul 2023 1 minute read 2 comments KuCoin Blog

Satoshi Nakamoto's vision for Bitcoin as a decentralized cryptocurrency has evolved into a transformative force in the finance industry by 2023. Blockchain-based decentralized payment networks offer enhanced security, transparency, and efficiency, re...

Counting Down to Litecoin Halving 2023

26 Jul 2023 1 minute read 5 comments KuCoin Blog

Litecoin (LTC) is set to undergo a halving event around August 2, 2023. This process, which occurs every four years or every 840,000 blocks, will reduce the block rewards for Litecoin miners from 12.5 LTC to 6.25 LTC. The halving mechanism is integra...

Litecoin And Bitcoincash Could Be Vastly Undervalued On Exchanges

20 May 2023 3 minute read 7 comments XTRM™

Litecoin And Bitcoincash Could Be Vastly Undervalued On Exchanges - Here is why in two sections... Discuss... Section 1: Why Litecoin Could Be Vastly Undervalued on Exchanges Litecoin, the digital asset created by Charlie Lee in 2011, is one of the...

Givvy, giving a second life to your old Android phones

30 Mar 2024 1 minute read 5 comments lostCrypto

Do you have an old Android phone, sitting somewhere collecting dust? I bet you do. May be one in the cupboard...., umm.. may be inside the drawer or may be in that old bag which you don't want to carry anymore. If the answer is yes, its now time for...