Sirwin
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.


Litecoin's Evolution: What's Next for this Veteran Cryptocurrency in 2024?

5 Apr 2024 4 minute read 4 comments letssittt

  Litecoin, similar to others that came before it upon its creation in 2011 by Charlie Lee, an ex-employee at Google, has never abandoned its place in the ever-changing branch of cryptocurrencies. When we visit the door of 2024, Litecoin's journey f...

The Man Of Tomorrow #10 - One Year Of Bitcoin ($BTC) and Litecoin ($LTC)

29 Mar 2024 2 minute read 6 comments PVM

The Man of Tomorrow series often presented some insights from my day-to-day life, how I spend my time, and those little motivational stories that will make you more ambitious. The focus will shift towards annual reviews and similar stuff ... therefor...

BUY IN OR SCALE OUT? I FOUND ANSWERS FOR OCTOBER IN THE CHARTS! SHARING MY ALT COIN TRADES INSIDE:

12 Oct 2021 3 minute read 0 comments F Sharp

  Bitcoin The chart has me ready to take off. As previously, I've been long since Bitcoin was 41k, I've taken all profits and started to build another position- long. BTC has huge support bouncing approximately at 53k. I'm loading up and watching a r...

Litecoin For Dummies: Litecoin Purpose, News, Litecoin Price Prediction, And What Is Litecoin For Beginners? How To Mine Litecoin LTC? How To Buy Litecoin And Is Litecoin A Good Investment?

2 Jan 2022 3 minute read 103 comments StealthEX

Litecoin (LTC) is one of the first cryptocurrencies created using the source code of Bitcoin. The project is developing as a payment system for transferring digital assets between users. Keep reading the new StealthEX article and find more about LTC...

Cryptowriter: The Evolution of Cryptocurrency Culture

9 Feb 2021 7 minute read 10 comments Thomas Wolf

Bitcoin went live on January 3rd, 2009, which was 4,419 days ago, and it has been an exciting series of events ever since, but one thing I didn’t expect was how it would create an entire sub-culture. “A lot of people automatically dismiss e-currency...

Litecoin vs Ethereum: What Is the Difference? Compare LTC & ETH

28 Sep 2023 7 minute read 4 comments StealthEX

Litecoin vs Ethereum: LTC and ETH are two of the most prominent cryptocurrencies. While both have garnered significant attention and adoption, they serve different purposes and have distinct technical foundations. Litecoin, often called the silver to...

Lite Coin - Chronicles of a Crypto

26 Mar 2024 1 minute read 0 comments Flxyz

Litecoin was created in 2011 by a former Google employee named Charlie Lee. Inspired by Bitcoin, Lee sought to address some of the shortcomings he perceived in Bitcoin's design, particularly regarding transaction speed and fees. Thus, Litecoin was bo...

My Favorite Site For Some Extra Time Play To Earn

17 Dec 2023 3 minute read 0 comments Coins Reporter

Online crypto faucets, PTC sites, Offerwalls and play to earn platforms have been around for over a decade now. Even before the inception of Bitcoin, there were websites that used to provide these kind of opportunities while paying in USD and others...

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...

The Practical Utility of MATIC (Polygon)

24 Mar 2024 2 minute read 0 comments WinterYeti

For a number of years when I needed to move crypto, cheap and fast, I used three coins. One was Banano (BAN). A second was Litecoin (LTC), and sometimes I would use NANO. The problem with all of those, however, is that their network reach is limited....