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, Bitcoin Cash, Other Classic Chains Surge Amid High Fees

10 May 2023 2 minute read 0 comments RJ Jenson

With the onslaught of NFTs and memecoins pouring onto the market, the fees for all the blockchains who host this nonsense have gone way up. This isn’t new for Ethereum, which has high fees all the time anyway, but now even Bitcoin has a protocol for...

Litecoin Halving 2023

7 May 2023 1 minute read 0 comments lostCrypto

The time has come.... Now we have a projected date for the next "LTC Halving".As we all know Litecoin shares a similar halving mechanism same as the Bitcoin. LTC also undergoes a halving event every four years. The pre-programmed Litecoin halving eve...

Litecoin Halving in 2023: Reason, Price Impact and Network Improvements.

4 May 2023 2 minute read 0 comments Edie Silva

Litecoin is one of the most popular cryptocurrencies in the world, and its third halving is expected to occur in 2023. The halving is an event that occurs with cryptocurrencies that have a maximum supply limit, such as Bitcoin and Litecoin. During th...

Earn up to 80 cents daily with every computer by watching ads 24/7

1 May 2023 2 minute read 0 comments Pascoolism

Loot.tv is back! Earn 0,80 $ Dollar every day with any device Create an account at the website Freecash: https://freecash.com/r/onefreechest Its the biggest "free cash" website on the internet. Dont worry, you wont do any tasks or anything awful. The...

How to Add Crypto Donation Links to Linktree

30 Apr 2023 1 minute read 0 comments DigitalLifeMarketing

Description: Could you acquire more cryptos simply by asking for them? It is definitely possible, the crypto community is very generous and loves to support people and websites they find useful. If you have a website, blog, or social media channel t...

Litecoin, the Silver Standard

30 Apr 2023 1 minute read 0 comments Justin Spencer

When I first started learning about crypto, a couple of projects jumped out at me right away. Digibyte was one of them, but once I started transferring crypto for real between wallets, another project jumped out at me. Litecoin! Litecoin is a decentr...

What is Litecoin? Why is it on the rise?

29 Apr 2023 1 minute read 0 comments DigitalLifeMarketing

  Transcript: What is Litecoin? Litecoin is one of the original alt coins, a term used to describe crypto coins offered as alternatives to Bitcoin. While Bitcoin was seen as a store of value, there were issues with using it for everyday small transa...

Stacking Sats, And Staking Stats...

26 Apr 2023 2 minute read 2 comments CodyMac50

Just to be clear, I am not Staking anything but 1FLR tokens on PipeFlare, because there is first the faucet, and Staking on the same platform, so why not... I currently own just under 1,700 1FLR, that are staking as we speak. After a long time of not...

Getting ready for Litecoin's biggest uptrend since 2018

21 Apr 2023 1 minute read 0 comments Salihhhh

The price of Litecoin has increased by 10% in the last week and has grown by more than 40% since the rise of Bitcoin in the midst of the American banking crisis. Elliott waves show that this growth is only a small part of Litecoin's future growth. Ne...

Exploring Liteverse.io: The first NFT marketplace on the Litecoin network my first collection dedicated to the Mighty Mia Event #dancingforjoy

18 Apr 2023 6 minute read 3 comments Mamaecrypto

As one true OG Litecoin enthusiast, I wanted to test the site, or better, the NFT marketplace Liteverse.io since its launch in 2022. At first, I claimed Litecoin Summit collectors NFT. But, for several reasons, the test of minting my first NFT got a...