Litecoin (LTC) News, Price Predictions, Opinions and Analyses Created by Users

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.


Earning crypto using Telegram

59 minutes ago 1 minute read 0 comments Dennis76

  A short but quick and easy post on making a little bit extra in crypto each day. There are a range of faucets out there and I have just discovered a range of new ones on Telegram, the secure messaging service. Admittedly, they do not make a lot of...

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6 hours ago 1 minute read 1 comment Zemiatin

Hello guys and welcome to day 98 of my Coinpot Challenge. I have decided to not leave large amounts on Coinpot so that is why I withdrawn 0.00060000 BTC in the last couple of days. Anyway, bellow you have my earnings at the time of writing this post...

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12 hours ago 1 minute read 0 comments NewCreationCapital

video: audio: Join The New Creation Cronies Telegram Group In Episode 147: Bitcoin, ETH, XRP and 7 Others Get The Green Light  This is the story of the day. Story Related Links: New York Regulator Greenlists 10 Cryptocurrencies, XRP approved...

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10 Aug 2020 1 minute read 3 comments Trebol

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9 Aug 2020 1 minute read 2 comments yanis

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9 Aug 2020 1 minute read 0 comments Zemiatin

The popular rating firm has recently placed Ethereum ahead of Bitcoin in it's cryptocurrency top.   The top 5 According to Weiss is now the following: 1. Ethereum ( ETH ) 2. Bitcoin ( BTC )3. Cardano ( ADA )4. Litecoin ( LTC )5. Stellar ( XLM ) The...

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9 Aug 2020 1 minute read 0 comments Trebol

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Young people interested in BTC, why will this increase its value?

9 Aug 2020 2 minute read 2 comments Roberto D.

Investors are increasingly turning their attention to "hard assets" such as gold and Bitcoin to protect their capital from inflation resulting from the massive surge of money in economic systems, resulting from the actions already deliberated by cent...

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7 Aug 2020 1 minute read 0 comments yanis

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7 Aug 2020 2 minute read 8 comments yanis

Staking is often presented as a miraculous thing that can earn us many. This approach is also used by scams (see my article sbout stakedwallet) for hiding their ponzi scheme. But, no one says what's really staking and different kinds of. disclaimer :...