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.


Crypto Crash: Coming in 2022?

8 Feb 2022 6 minute read 21 comments Swapzone

Recently, cryptocurrencies have taken a tumble in the market raising concerns among the industry players as if we could be in the midst of another crypto crash. With all doom and gloom, there is always a silver lining to every crypto crash like  2013...

Solana And Chainlink Lead A Recovering Cryptocurrency Market

21 Jun 2022 3 minute read 1 comment Rubikkav

With bitcoin barely recovering after visiting the $17,500 zone over the weekend, several of the top altcoins in the market have seen some very interesting returns over the past 7 days. Among those cryptocurrencies highlighted in the market, Solana an...

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16 Jun 2022 3 minute read 23 comments B18

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What happened at the Litecoin Summit 2022 Las Vegas

11 Dec 2022 1 minute read 5 comments Mamaecrypto

What happens in Vegas doesn’t always stay in Vegas. The Litecoin Summit was a livestreamed event featuring some of the most important names in the cryptocurrency industry, while celebrating the recent innovations implemented in the Litecoin blockchai...

How to pay for subscriptions with Litecoin

8 Jul 2022 3 minute read 1 comment NOWPayments

Litecoin has always focused on delivering excellent infrastructure for fast payments with near-zero costs. The Litecoin Foundation has achieved incredible results in its mission, and nowadays, thousands of people use the LTC crypto for conducting day...

How to buy Litecoin (LTC)?

19 Jan 2023 1 minute read 0 comments coinpassglobal

If you want to sell Bitcoin, it is important to do it correctly. Many people underestimate their options when it comes to selling bitcoin and end up accidentally cutting into their own profits or not realizing what they ar e getting into.   Litecoin...

How to Send Salary Bonuses with Litecoin

13 Jan 2023 4 minute read 1 comment NOWPayments

Send crypto bonuses in Litecoin Litecoin is a peer-to-peer currency that enables virtually instant and cost-effective payments for anyone in the world. Litecoin is an open-source global payment network that is not controlled by any central author...

Your favorite POO coins…LTC (Litecoin).

11 Jan 2023 1 minute read 0 comments vanassen.eth

   Litecoin is one of the first generation cryptocurrencies; it was created in 2011 by Charlie Lee, a former Google engineer. It’s based on the Bitcoin protocol, but with several key differences designed to address some of of Bitcoin limitations. One...

Beware Of Stablecoins - Stability Does Not Exist

4 Jan 2023 2 minute read 4 comments Cryptofab

Stablecoins look like a safer option than other cryptos. However, the real stability does not exist, as shown by TerraUSD (UST), which is now USD 0.02... Apart from TerraUSD, there have been a number of stablecoins that have failed or have otherwise...

Referral Codes for Products I Actually Use

4 Jan 2023 5 minute read 0 comments Miss.Lakill

I love trying out new products, especially when it comes to staking platforms, currency exchanges and mobile gaming. I also usually try to find a few good referral codes for products I'm trying out because they typically come with a little invite bon...