-
Bitcoin $93,943.7603
-0.41% - Ethereum
$1,773.2137
-1.80% - Tether USDt
$0.9998
-0.01% - XRP
$2.0961
-2.64% - BNB
$594.6411
-0.06% - Solana
$142.7596
-1.39% - USDC
$1.0000
0.00% - Dogecoin
$0.1659
-3.07% - TRON
$0.2441
-1.84% - Cardano
$0.6506
-2.54% - Sui
$3.2012
-7.51% - Chainlink
$13.3057
-3.56% - Avalanche
$19.4416
-0.68% - UNUS SED LEO
$8.7236
1.19% - Stellar
$0.2548
-3.44% - Toncoin
$2.9787
-0.37% - Shiba Inu
$0.0...01244
-1.94% - Hedera
$0.1702
-2.20% - Bitcoin Cash
$352.4717
-0.56% - Hyperliquid
$19.6286
-2.65% - Litecoin
$81.9195
-7.52% - Polkadot
$3.8566
-1.91% - Dai
$1.0000
0.00% - Monero
$287.3544
4.00% - Bitget Token
$4.3075
0.19% - Ethena USDe
$1.0001
-0.02% - Pi
$0.5789
-2.25% - Pepe
$0.0...07661
-4.14% - Bittensor
$358.9078
-0.29% - Uniswap
$4.8671
-2.68%
What kind of currency is Litecoin? Litecoin official website, circulation and trading platform introduction
Litecoin, introduced in 2011, is a faster, more scalable alternative to Bitcoin, utilizing the Scrypt algorithm and boasting a shorter block generation time of 2.5 minutes.
Oct 13, 2024 at 05:47 pm
What is Litecoin?
Litecoin is a peer-to-peer cryptocurrency and a decentralized payment network. It is among the first altcoins, introduced in 2011 by Charlie Lee, a former Google engineer. Litecoin is designed to be a faster, scalable, and more efficient version of Bitcoin.
Similarities and Differences between Litecoin and Bitcoin
Litecoin shares several similarities with Bitcoin, including:
- Uses proof-of-work consensus mechanism
- Has a finite supply of 84 million coins
- Can be used to send and receive payments
- Has its own blockchain
Key differences include:
- Block generation time: Litecoin's blocks are generated every 2.5 minutes, significantly faster than Bitcoin's 10 minutes.
- Algorithm: Litecoin uses the Scrypt hashing algorithm, while Bitcoin uses SHA-256.
- Transaction fees: Litecoin transactions typically have lower fees compared to Bitcoin.
Litecoin Official Website
The official website of Litecoin is litecoin.org. It provides information about the project, its development, and its community.
Litecoin Circulation and Trading Platforms
As of May 10, 2023:
- Current circulating supply: 69,873,022 LTC
- Total supply: 84,000,000 LTC
Litecoin is widely traded on major cryptocurrency exchanges, including:
- Binance
- Coinbase
- Kraken
- Gemini
- FTX
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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