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.


Update 6: Cats cryptocurrency prediction experiment!

13 May 2019 1 minute read Piet246 $0.03 tipped

Today 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 far this year: 1. Litecoin +189...

The future bank nr 2!

4 May 2019 1 minute read Crypto_sverige $0.01 tipped

Bill Barhydt is a former software engineer for Goldman sachs and former director of Netscape. He also has great merits for having worked at NASA and NSA. In 2014 in Silicon Valley he started Abra with Jim Robinsson. Jim is co-founder and Managing Par...

EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Month Four - UP 30%

4 May 2019 4 minute read starthere $2.02 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. ...

Update 5: Cats cryptocurrency prediction experiment!

4 May 2019 1 minute read Piet246 $0.02 tipped

Today 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 far this year: 1. Litecoin +155...

EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Sixteen - Down 82%

1 May 2019 4 minute read starthere $3.34 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. Think of it as a lazy man's Index Fund (no weighting or rebalanc...

Index token!

30 Apr 2019 1 minute read Crypto_sverige $0.11 tipped

Abra exchange.   Abra is an exchanges similar to Coinbase on how easy they are and use and how easy it is to buy and sell crypto.   Abra has one of the most exciting tokens of the two, namely Bitwise 10 (bit10).   Bit10 is an index toxen that resem...

Update 4: Cats cryptocurrency prediction experiment!

27 Apr 2019 1 minute read Piet246 $0.03 tipped

Update to see if my cat named Dikke Streep prediction has improved or not this week. 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 far this year: 1....

TD Ameritrade is testing BTC and LTC on its online brokerage platform

23 Apr 2019 1 minute read Mamaecrypto $0.43 tipped

Early this morning of April 23 Charlie Lee, the creator of Litecoin, announced on Twitter that the online Brokerage firm TD Ameritrade is testing both Litecoin and Bitcoin trading on its platform. All indicates that soon BTC and LTC will be traded on...

The Lightning Network simplified. What I learned from guest speaker Ecurrencyhodler.

21 Apr 2019 3 minute read Mamaecrypto $0.46 tipped

  The Lightning Network simplified. What I learned from guest speaker Ecurrencyhodler. It was truly a pleasure to be part of the first Litecoin (LTC) meet-up in Orange County in late 2018. The event organized by the Litecoin team of west coast volunt...

Update 3: Cats cryptocurrency prediction experiment!

19 Apr 2019 1 minute read Piet246 $0.01 tipped

Update to see if my cat named Dikke Streep prediction has improved or not this 2nd week. 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 far this year: 1....