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.


MamaeCrypto Business Cards Finally! Keep in Touch

8 Jul 2019 1 minute read Mamaecrypto $0.12 tipped

It was about time that I got it together and made official business cards for this new and incredible life changing venture. I truly love what I do! Connecting with the crypto community has become a very fulling part of my life. I feel like I am trul...

What is litecoin

8 Jul 2019 1 minute read quintomudigo $0.03 tipped

      Litecoin is a cryptocurrency created on Litecoin blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Unlike bitcoin, the transaction at litecoin...

SPEDN by Flexa - Starbucks, Whole Foods and other retailers now accepting LITECOIN payments

5 Jul 2019 1 minute read Mamaecrypto $1.90 tipped

Released to users on May 13th 2019 at Consensus SPEDN by Flexa became a hit instantly. The excitement surround its unofficial partnership with Starbucks, Whole foods and other groups also drove more bulls into the Bitcoin run which Hit $8300 dollars...

What is cryptocurrency

4 Jul 2019 1 minute read quintomudigo $0.02 tipped

  Cryptocurrency is internet money created on its own blockchain whose transaction takes place between two peers without the involvement by the government.                           How many cryptocurrencies do we have Currently, there are over 1000...

My Crypto Journey with Litecoin Lisa

4 Jul 2019 1 minute read Mamaecrypto $1.21 tipped

Loved sharing my crypto journey with this amazing crypto sister @lisamightydavis. I had some technical difficulties and unfortunately we could not reconnect so hope we get a change to get together again and continue this great chat. If you feel compe...

Update 13: Cats cryptocurrency prediction experiment!

1 Jul 2019 1 minute read Piet246 $0.01 tipped

After a week in which BTC skyrocketed to  13.800$ and came down to earth back to 10.500$. 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...

Why You Need To Understand Bitcoin And Litecoin Halvings

29 Jun 2019 1 minute read scottcbusiness $2.66 tipped

Bitcoin rewards are halved every 210,000 blocks mined. Litecoin rewards are halved every 840,000 blocks. Why does this matter? It affects the price. Let's dive into how. The current reward for miners mining blocks for bitcoin is 12.5 and it will decr...

INSTAR’s Block’tivity Ranking Keeps It Ahead of Heavyweights Such As Litecoin, Doge and Bitcoin Cash

25 Jun 2019 3 minute read Blockspectator $0.22 tipped

Before investing in anything, due diligence is highly advised. Block’tivity is here to help every investor discover their best possible investment option in the cryptocurrency exchange market. Block’tivity combines several variables to come up with t...

Update 12: Cats cryptocurrency prediction experiment!

23 Jun 2019 1 minute read Piet246 $0.11 tipped

After a week that was the big breakout of BTC above the 10.000$ mark. 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...

Litecoin announces the release of a debit card - Blockcard Supports LTC, BTC, ETH and More

21 Jun 2019 1 minute read Mamaecrypto $2.13 tipped

The Litecoin Foundation announced recently the release of its much anticipated project, the Blockcard debit card.  The debit card will enable Litecoin holders to load their Visa Blockcard with Litecoin and spend their Litecoin assets as cash anywhere...