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 Best Cryptocurrencies to Invest in in 2020

2 weeks ago 17 minute read bernardos $6.20 tipped

DISCLAIMER: This is a re-post of an article that I wrote for Atomic Wallet Academy. The original article can be found here A Cryptocurrency is a type of digital currency and payment system that doesn’t rely on the traditional payment networks we ha...

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3 weeks ago 2 minute read M87 $4.44 tipped

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5 days ago 4 minute read M87 $4.38 tipped

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1 week ago 2 minute read $4.27 tipped

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3 weeks ago 1 minute read $4.08 tipped

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2 weeks ago 4 minute read MintDice $3.43 tipped

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2 weeks ago 3 minute read fklivestolearn $3.25 tipped

A tweet from one of the largest Crypto exchanges Binance recently announced that the fourth largest Alt.coin may have been a target of a dusting attack. It went on to link a transaction of (0.00000546 LTC) sent to 50 addresses as being part of the at...

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3 weeks ago 2 minute read LeftAntiPC $3.18 tipped

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2 weeks ago 5 minute read $2.94 tipped

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Fake LTC Foundation has defrauded 309 LTC worth $12,505 from Users

4 weeks ago 1 minute read $2.40 tipped

A fake Litecoin Foundation scam has defrauded 309 LTC worth $12,505 from users. There is a fake Litecoin Foundation YouTube channel scamming people out of their LTC coins. Recently, it has defrauded an amount of $12,505 worth 309 LTC from users. This...