|Market Cap Dominance||1.59%|
|Volume / Market Cap||0.7173|
|24h Low / 24h High||$60.13 / $62.40|
|7d Low / 7d High||$58.33 / $63.01|
|Market Cap Rank||#6|
|All-Time High||$360.66 -83.2%
Dec 18, 2017 (almost 2 years)
|All-Time Low||$1.15 5160.7%
Jan 14, 2015 (almost 5 years)
|Litecoin/Bitcoin Ratio||1 BTC = 147.05 LTC|
What is Litecoin LTC?
Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.
The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.
In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.
Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
- Faster transaction confirmations (2.5 minutes on average)
- Scrypt-based mining proof-of-work algorithm
- 84 million litecoins
- Higher transaction volume than Bitcoin
- MIT/X11 license
|Mkt.Cap||$ 6.56 B||Volume 24H||904,626.00LTC|
|Market share||0%||Total Supply||84 MLTC|
|Proof type||PoW||Open||$ 90.72|
|Low||$ 88.81||High||$ 93.33|
After Recovery To $10,000, Bitcoin ‘Should Hit $100,000 In 2021’
How Many Coins Copied Bitcoin?
Exodus is a multi-cryptocurrency wallet that supports 8 coins, including Litecoin. It is very popular because it is easy to use and offers a good level of security. Mining Bitcoin has now become very difficult for people who do not own expensive hardware. When people mine Bitcoin, they use their computing power to help verify transactions on the network and receive extra Bitcoin as a reward.
You can obviously do this using Bitcoin, Skrill, credit card, or your bank account. Cash is really the only method where you can’t buy online.
What is the best Bitcoin to invest in?
Price Study: Why Ripple's XRP Can Never Hit $100. XRP may never hit $100, maybe after the next decade. XRP hit its all-time high of above $3 in the famous Bull Run staged in late 2017 to early January 2019.
The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.
What are the risks of buying litecoins?
The block is verified by mining software and made visible to any “miner” who wants to see it. Once a miner verifies it, the next block enters the chain, which is a record of every litecoin transaction ever made. Breaking down everything you need to know about Bitcoin mining, from blockchain and block rewards to Proof-of-Work and mining pools. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments.
We’ve probably read it on the internet or heard it from the real investors – you don’t invest in any cryptocurrency; you invest in a coin with tremendous potential! When you look at the cryptocurrency market and analyze the majority of the coins, you will realize that not all have the potential to grow. Some have weak ideas; others have inexperienced people behind them, and others are downright useless.
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks. For the reason above, you may have to switch to a newer cryptocurrency if it takes over and causes the price of Litecoin to decline. This helps to stave off inflation, which fiat currencies are subjected to due to the ease with which bank notes (doll