Litecoin Details

Asset Overview

Litecoin

Litecoin

A peer-to-peer electronic cash

About Litecoin

Since its inception in 2009, Bitcoin has spun off several offshoots, or hard forks. Bitcoin Cash is one of these. Litecoin, created in 2011, is another. Litecoin’s network uses a completely different algorithm than Bitcoin, one that is more accessible to users who are interested in joining the network as miners (those whose computers or servers do the work of validating transactions and creating new coins). Litecoin’s block times—the amount of time it takes to confirm transactions and validate new coins—are four times faster than Bitcoin’s, and the potential supply of coins is four times larger.

Benefits

Because of its speedy transaction time, Litecoin can be attractive to merchants, who can quickly receive payment confirmations for their products and services. Litecoin was designed to be more scalable to a large number of users than Bitcoin, although Bitcoin is currently a much more pervasive product. In many other ways, they are quite similar: Developers on the project have called Litecoin the silver to Bitcoin’s gold.

69% of AMC cinema-goers say the brand should accept Dogecoin (DOGE)

Published September 23, 2021

One of the largest movie theater chains in the world, AMC Entertainment, is considering accepting Dogecoin (DOGE) for online payments.

VanEck lists Solana, Tron, and Polkadot crypto ETNs on Deutsche Börse

Published September 22, 2021

Deutsche Börse recently expanded its crypto derivatives offering with three new products by investment management company VanEck.

Witchhunt arises to find perpetrator of the fake Litecoin Walmart partnership story

Published September 15, 2021

Charlie Lee acknowledges that Litecoin “screwed up” after an employee retweeted a fake story on partnering with retail giant Walmart.

Current price:$148.22

Economic Details

Litecoin Details

Ticker
LTC
Max Supply
84,000,000 LTC

Litecoin Resources

Litecoin Resources