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.

Bitcoin's fee hike leads to increased demand for Litecoin

19 Dec 2023 1 minute read 3 comments Stormgain

On 17 December, the average fee in the Bitcoin network set a one-year high, reaching $37. Binance contributed by listing ORDI in November. As a result, the token's price rose ten-fold. The average fee has seen a six-fold growth during the same time....

A crypto experiment - I'll let you know how it goes

16 Dec 2023 1 minute read 0 comments LeftFooted

Revolut was one of the first companies to offer an easy to way to buy 'collections' of crypto. It's pretty straightforward. You pick a 'group' of cryptocurrencies, and invest any amount you want, which is split equally across cryptos of the same typ...

Here goes FOMO

9 Dec 2023 7 minute read 0 comments fisherofmen

We all know what is next.  At least, I do.  But do you know what else is next?  And what else?   Everyone who has been on this crypto-ship for a while knows that the winds just picked up and everyone on board is slowly looking up and seeing the gathe...

Litecoin is not the only alternative these days

28 Nov 2023 2 minute read 0 comments Bala

Once upon a time when Bitcoin was the only coin, there was no other alternative and the first alternative that came into existence was Litecoin. Back then Bitcoin was compared to Gold and Litecoin was compared to silver. This is no longer the case. M...

This biggest red flag you shouldn't ignore before buying crypto

26 Nov 2023 1 minute read 2 comments LeftFooted

I happened upon a study that I found quite compelling. A crypto magazine called CoinKickoff put together a list of cryptocurrencies by the number of whales that control the majority of the supply and, more importantly, the percentage of total supply...

Stohncoin(SOH) -Knowledge and Our Choices make a Difference

19 Nov 2023 4 minute read 0 comments Eddyc

  Greetings Friends;   There can be no doubt that knowledge is the engine that drives small, medium and large technologies, and even though we know that there is variety and complexity involved, we can't let go of this conviction. On the other hand,...

Unveiling Litecoin - A Comprehensive Overview

16 Nov 2023 7 minute read 0 comments NKvM

Sadly, cryptocurrency is about hype. We may talk up technology and utility, but success boils down to price, and price is a factor of demand. That only gets pumped if people are talking about and talking up a coin. Or, if people are talking down the...

Litecoin will be holding its value forever

14 Nov 2023 2 minute read 1 comment Bala

Today I was taking a look at my portfolio and was thinking about what other investments I should be making and the DCA I should be doing before the start of the next bull run. Now is the right time to invest because it is very likely that a bull run...

MetaTdex at Dubai Blockchain Life Summit, Sharing New Mining Models

26 Oct 2023 2 minute read 0 comments MetaTdex

On October 24-25, the 11th Blockchain Life 2023 was successfully held in Dubai, where global cryptocurrency investors, funds, entrepreneurs, miners, service providers and startups gathered to exchange and discuss on mining, metaverse, RWA, and other...

A Simple Route to Earning Money Online and Spending It with a Debit Card!

18 Oct 2023 2 minute read 0 comments -Justin

In today's digital age, the opportunities to earn money online have grown exponentially. Whether you're looking to make a little extra cash or want to embark on a new way of making a living, there are countless options to explore. One such option is...