Litecoin (LTC) News, Price Predictions, Opinions and Analyses Created by Users

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.

3 common risks that Litecoin (LTC) miners should know

6 Jun 2020 1 minute read 1 comment Lềm Thị Phiến

The following is a list of some risks you may face as a miner: 1. Increased difficulty: As more miners participate in LTC mining, the difficulty will increase accordingly. This reduces your profits. Therefore, you need to make a realistic estimate of...

Why cryptocurrencies were more viable than tokens

6 Jun 2020 1 minute read 0 comments Artur89

Two years after 2017 cryptohaip, even despite the collapse of quotes, cryptocurrencies turned out to be more reliable assets than tokens. Causes Cryptocurrencies last longer - bitcoin appeared in 2009, and most tokens appeared during the 2017-2018 cr...

Things to know before investing in cryptocurrency Litecoin (LTC).

6 Jun 2020 1 minute read 0 comments Lềm Thị Phiến

LTC is the electronic currency born as payment task, however, with the collapse of the Litepay project in March 2018, it can be said that LTC has broken promises to investors. Charlie Lee, the founder of Litecoin, sold all of his LTC, not only did he...

Are there 3 advantages that make a difference between Bitcoin & Litecoin?

6 Jun 2020 1 minute read 0 comments Lềm Thị Phiến

1 Transaction speed: Litecoin's block creation time is only 2.5 minutes, while Bitcoin is 10 minutes, which means Litecoin's transaction speed is much higher than Bitcoin. 2. Algorithm: Litecoin uses the Scrypt algorithm and Bitcoin uses the SHA-256...

Coinpot Challenge Day 33 - Earning 10.000$ Worth Of Crypto By The End Of 2020 For Free

6 Jun 2020 1 minute read 3 comments Zemiatin

Hey guys and welcome to day 33 of my Coinpot challenge. 3 of the Coinpot faucets are at the moment not unavailable (MoonDogecoin, MoonLitecoin and MoonBitcoin ) due to maintenance so the claims are a bit the lower the last couple of days. But the fau...

Stakedwallet, a fat ponzi sheme

6 Jun 2020 1 minute read 2 comments yanis

Stakedwallet was a "staking wallet" that gave big profit rates. Users were able to earn 2% a day as "passive income".   Why did it look good (enough to let people invest) ? The profit rate was very big, so users wanted to deposit many in order to get...

Apple Share Hits all-time high.

6 Jun 2020 1 minute read 0 comments Mabla

Apple is a giant in the Tech industries and it has surpassed $1 trillion of its market capitalization. On January 5 2019 its share was trading at $147 and ever since that day its sales and revenue has been increasing rapidly and its capitalization is...

Bitcoin is gold, Litecoin is silver - What is the difference?

6 Jun 2020 1 minute read 0 comments Lềm Thị Phiến

When people talk about cryptocurrencies, people often think of Bitcoin, the most valuable currency in the world to date. But in recent years, in Vietnam in particular and in the world in general, there has been another type of cryptocurrency named Li...

Short-term growth of Litecoin

6 Jun 2020 1 minute read 0 comments Artur89

Litecoin successfully overcame the cluster $ 40− $ 42, which led to the achievement of the first target at $ 45, where the 200-day simple moving average line also runs, and $ 47.45. Even if at the moment the LTC quotes go below $ 45, you should not e...

Altcoin Cryptocurrency Mining Pools - MinerGate

5 Jun 2020 1 minute read 2 comments Sweden

MinerGate is a multicurrency mining pool created in 2014 by a group of blockchain enthusiasts. We provide the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Supported cryptocurrencies There are 10 coins...