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.


BTC, ETH, XRP, LTC, BCH Price Analysis For 22-26 of July

22 Jul 2019 4 minute read CryptoChartWizard91 $11.22 tipped

The cryptocurrency markets have been falling this month after going on an epic surge during May and June 2019. With Bitcoin falling and creating lower lows it felt like a good time to provide a quick overview of the top 5 projects! Bitcoin Bitcoin ha...

Cryptocurrency 2019: The best and the worst

21 Jul 2019 1 minute read Roberto D. $0.15 tipped

Even if the year is not yet done to the end after a not very exciting 2018 in the first half of 2019 we can already outline which currencies have done worse and which better in 2019. Obviously, some cryptos have undergone a better performance, while...

No More Coinbase Bundle

20 Jul 2019 1 minute read bitcoinflood $0.13 tipped

I admit I use to buy the coinbase bundle a few time which took your money you where dumping into coinbase and spread it across a number of cryptocurrencies. However without notice it seems like Coinbase has now removed this option. I have to say thou...

MONERO, LITECOIN AND ZCASH ARE THE MOST RESILLIENT THIS MONTH

19 Jul 2019 1 minute read cyprain $0.08 tipped

MONERO, LITECOIN AND ZCASH ARE THE MOST RESILLIENT THIS MONTH.  The month of July has been a SURPRISING  month for traders with so many ups and downs. Ethereum , Bitcoin and BCH seem to be making more movements with bitcoin topping the list as at the...

Litecoin Halving- A Cryptocurrency Opportunity Before Halving

18 Jul 2019 1 minute read Wstanley224 $0.28 tipped

Litecoin rewards will be halving from 25 Litecoin/block to 12.5 Litecoin/block in 2-weeks. As the potential supply of Litecoin decreases, the price should increase, as with other coin halvings. Litecoin has returned to $100 after rising 20% since Tue...

Halving Litecoin: How the decrease in block reward will affect its price

17 Jul 2019 3 minute read Altufievskiy $0.16 tipped

On August 5, the halving will occur in the Litecoin network on block 1680000, as a result of which the miners' reward will be halved. Instead of 25 LTC, miners will receive 12.5 LTC for each new block. Some experts believe that the decrease of the m...

Update 15: Cats cryptocurrency prediction experiment!

16 Jul 2019 1 minute read Piet246 $0.10 tipped

After a week in which BTC broke $13.000 and fell back to test 10.000$ and Trump said he  is no fan of Bitcoin and other cryptocurrency. I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physic...

The litecoin Foundation announced that Litecoin is the official cryptocurrency of the Miami Dolphin.

13 Jul 2019 1 minute read Roberto D. $0.07 tipped

This partnership will enable the purchase of Miami Dolphin lottery tickets in cryptocurrency (specifically Litecoin or Bitcoin), which proceeds will be divided equally and half of the proceeds will be used for the Miami Dolphin charities. Kim Rometo...

Litecoin Is In For A Boost From The NFL

12 Jul 2019 1 minute read bitcoinflood $0.12 tipped

Trump recently talked trash about bitcoin and Facebook and so far Bitcoin is now just holding steady from a bit of a sell off. However other coins such as Litecoin are holding their own and actually increasing in price. At the moment of writing this...

Update 14: Cats cryptocurrency prediction experiment!

9 Jul 2019 1 minute read Piet246 $0.05 tipped

After a week in which BTC recovered from a dip below 10.000$ and broke $12.000. 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...