Litecoin

About

Created by Google developer Charles Lee, Litecoin enables quick transaction speeds (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm allowing regular computers and GPU’s to fully utilize the infrastructure, giving it a strong comparative advantage to Bitcoin. Similar to Bitcoin, the Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years.

Inspired by its predecessors, Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. The exchange and creation protocols of tokens is decentralized thanks to LTC’s open source code.

In May 2017, Litecoin became the first of the top 5 cryptocurrencies by market cap to implement the SegWit scaling solution. Furthermore, LTC became the first coin to implement the lightning network for ultra fast transaction times.

Name

Litecoin

Symbol

LTC

Market Cap

523,894 BTC

Circulating Supply

58,560,977 LTC

Price (BTC)

0.00894613

Price Change (24h)

-2.44%

Coin details

Algorithm

SCRYPT

Protocol

PoW

Links

Announcement

bitcointalk.org

Message Board

litecointalk.io

Reddit

/r/litecoin

Source Code

github.com

Website

litecoin.com