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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.
13 Jun 2019 1 minute read Workin $0.33 tipped
Like Bitcoin, many altcoins are looking ripe for a larger move. EOS is peeking it’s head up and out of a wedge it’s been consolidating in these past few days. Binance Coin (BNB) just broke out of the bullish, descending broadening wedge we discussed...
11 Jun 2019 1 minute read jadams2k18 $0.24 tipped
As you can hear with your own eyes, Litecoin, better known as LTC, the fourth most important cryptocurrency, is rising, reaching its highest value in a year: $130. Some people indicate that it may be because soon, during August of this year (2019), i...
10 Jun 2019 1 minute read Workin $0.35 tipped
Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very lit...
10 Jun 2019 1 minute read Piet246 $0.04 tipped
After a week full of ups and downs I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physical coins of cryptocurrency in front of the cat. He chose Ethereum with his paw. Updated results so fa...
10 Jun 2019 1 minute read cryptovato1 $0.26 tipped
While most of the people are monitoring Bitcoin so close, and they are right because on its moves depend the general trend of crypto market. Another top crypto Litecoin last night broke an important resistance, yes it broke 117 dollars mark. And now...
8 Jun 2019 2 minute read Crypto Pappy $0.02 tipped
I'm just putting this out there for my amusement - and for the record. Over the years I learned to listen to myself. We do have good conversations LOL So here we go ... I've been saying this pretty frequently lately, okay, just thinking it, no ... I'...
7 Jun 2019 1 minute read Workin $0.10 tipped
Yesterday we discussed how bitcoin would likely retest the $7,500 support. I had my doubts this support would hold a second time, but bulls proved again they’re not out of the fight. We watched a textbook double bottom bounce as price rallied to abou...
6 Jun 2019 1 minute read hashlytag $0.13 tipped
With the upcoming halving of the rewards for litecoin miners, it is expected that litecoin (LTC) will increase considerably in value. In this article you can read which factors might influence the litecoin rate as a result of this event. Litecoin is...
5 Jun 2019 4 minute read starthere $6.17 tipped
The Experiment: Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I then repeated the experiment on the 1st of January 2019. Think...
4 Jun 2019 1 minute read hashlytag $0.00 tipped
Bitcoin (BTC) suffered a major blow last night. In a very short time, the largest cryptocurrency based on market capitalization lost $700 in value. Analysts suggest that this may be due to some whales moving large amounts of bitcoins just before the ...
