Sirwin
Sirwin

Litecoin (LTC)

1,747 Articles 2,428 Followers

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 (LTC): trading plan for 2023-2024

17 Apr 2023 1 minute read 3 comments My life My rules

LTC is one of the few oldies that always shows a good trend and always works out the levels perfectly. ⚠️ Since 2021, I have been buying and averaging Litecoin: Average entry price in 2021 is $138 (4 LTC purchased); The average entry price for 2022 i...

Bitcoin vs Litecoin: Similarities and differences Explained

11 Apr 2023 5 minute read 1 comment Plisio

Everyone who trade or use Bitcoin for shopping would surely want two things — minimum fees and fast transactions. Bitcoin, established in 2009, is at the top of currencies list and is widely used by people worldwide. Nevertheless, Bitcoin is not a cr...

Litecoin, the cryptocurrency based on BTC protocol

10 Apr 2023 1 minute read 2 comments bitcoin_albert

Litecoin was founded by former Google employee Charlie Lee and is a peer-to-peer cryptocurrency that allows instant, near-free payments to a recipient, wherever they are. Litecoin is a global, open source, fully decentralized payments network with no...

Bitcoin (BTC) Vs Bitcoin Forks (LTC, BCH, BSV)

8 Apr 2023 1 minute read 1 comment Cryptofab

As an individual investor, I have already been hesitant to invest in Bitcoin (BTC) forks like Litecoin (LTC), Bitcoin Cash (BCH), or Bitcoin SV (BSV) due to the advantages that these forks could offer, e.g., as payment currencies. LTC, BCH, and BSV a...

Charlie Lee and the origin of LITECOIN

4 Apr 2023 2 minute read 0 comments ROcrypton

   The Litecoin cryptocurrency was created in 2011 by a soft developer named Charlie Lee. Lee was working as a software engineer for Google at this time, when he came up with the idea of ​​creating a currency based on the Bitcoin code. But with some...

Reasons for Litecoin's rise

28 Mar 2023 1 minute read 0 comments Stormgain

Litecoin has shown the best growth among the top 20 coins for the last two days. In addition to the cryptocurrency being significantly oversold, this is also due to its higher usability compared to Bitcoin and to the threat looming over stablecoins a...

Most of the 5 best cryptos in March

6 Mar 2023 1 minute read 3 comments Alther

As the world awaits the arrival of Ramadan in March 2023, there are certain economic implications to consider. Crypto assets, such as coins and tokens, also need to be taken into account when evaluating the market value of the upcoming month. It is i...

SpiderByte(SPB) - A Spider Moving Towards Success

1 Mar 2023 4 minute read 2 comments Eddyc

  Greetings Friends;   In this article I will describe and reflect about SpyderByte(SPB) a project that carries an accumulation of experiences that can be associated as a briefcase that connects in a web. What does this mean? It means that despite t...

🧩Cryptocurrency investments for 2022 🐢

19 Feb 2023 1 minute read 0 comments My life My rules

👋 My name is Olena, and this is my diary of investing in cryptocurrencies. The money I used to spend on buying cigarettes is now invested in cryptocurrencies. From 2021 to 2022, I managed to save and invest $1,435 in cryptocurrencies. 2022 was a bea...

How I'm stacking some LTC

7 Feb 2023 1 minute read 0 comments Lazincome

Welcome back to my blog, today the topic is: how I try to earn some Litecoins waiting for the coin to pump. I think LTC is great, I mean, low transaction fees, fast payments, just as simple as that. To gain some LTCs I'm doing nothing too complex, ac...