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.


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2 days ago 2 minute read 0 comments mduchow

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2 days ago 1 minute read 0 comments Jumble

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2 days ago 1 minute read 2 comments Cryptoxe

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2 days ago 2 minute read 0 comments bettercallpaul

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3 days ago 2 minute read 12 comments MadMaxx

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3 days ago 7 minute read 0 comments bettercallpaul

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3 days ago 1 minute read 0 comments Jumble

How has your favorite cryptocurrency performed this year? It has been a volatile year. Before the coronavirus shock the price for Bitcoin, Ethereum, Ripple, and Litecoin were all above their price on January 1st, 2020. Bitcoin, Ethereum, Ripple, and...

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4 days ago 7 minute read 0 comments bettercallpaul

Cryptocurrency Tutorials  The Most Commonly Used Terms in the Cryptocurrency World by W. Paul Alexander Brought to you by                 This post aims to define some basic crypto/blockchain terms for those new to the wonderful world of Magic In...

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4 days ago 1 minute read 0 comments Jumble

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Crypto & Stocks Surging and Dropping Together: Will The Trend Hold?

4 days ago 1 minute read 3 comments Thomas Wolf

I've been awake all night waiting for the Bitcoin drops/surges as well as drops with stocks as soon as the market opens up at 9:30AM EST.  Bitcoin nearly touched 7k at $6,930 moments ago:And you can see a similar uptrend in the stock market:I am wait...