-
Bitcoin $107,245.4873
-1.52% - Ethereum
$2,506.5572
-2.00% - Tether USDt
$1.0002
0.01% - XRP
$2.2933
-2.54% - BNB
$665.4423
-1.22% - Solana
$171.2974
-2.98% - USDC
$0.9999
0.02% - Dogecoin
$0.2189
-4.12% - Cardano
$0.7440
-2.18% - TRON
$0.2707
-0.32% - Hyperliquid
$37.9801
9.76% - Sui
$3.5083
-3.99% - Chainlink
$15.1202
-3.58% - Avalanche
$22.2943
-3.75% - Stellar
$0.2814
-2.64% - Shiba Inu
$0.0...01419
-1.70% - UNUS SED LEO
$8.9101
1.10% - Bitcoin Cash
$412.1530
-3.76% - Hedera
$0.1833
-3.87% - Monero
$407.5547
2.69% - Toncoin
$2.9619
-1.72% - Litecoin
$94.5995
-2.30% - Polkadot
$4.4415
-3.11% - Bitget Token
$5.3544
-5.06% - Pi
$0.7730
0.16% - Pepe
$0.0...01300
-6.62% - Dai
$1.0000
0.01% - Ethena USDe
$1.0005
-0.01% - Aave
$264.0897
-1.42% - Uniswap
$6.0331
-2.94%
When was Litecoin issued?
Litecoin, a faster and cheaper alternative to Bitcoin, was launched on October 13, 2011, with a pre-mined supply of 150 million LTC.
Feb 04, 2025 at 02:36 am
When was Litecoin Issued?
Key Points:
- Litecoin's inception and development
- Litecoin's launch date and market dynamics
- Litecoin's technical specifications and key features
Litecoin's Inception and Development
Litecoin, conceived by former Google engineer Charlie Lee, emerged as a fork of Bitcoin in October 2011. Inspired by Bitcoin's revolutionary blockchain technology, Lee sought to create a faster, more accessible, and cheaper alternative to the original cryptocurrency.
Litecoin's Launch Date and Market Dynamics
Litecoin officially launched on October 13, 2011, with a pre-mined supply of 150 million LTC. The initial price of Litecoin hovered around $0.30. Within a few years, Litecoin's value surged, reaching an all-time high of $375 in December 2017 during the cryptocurrency bull market.
Litecoin's Technical Specifications and Key Features
Litecoin shares Bitcoin's underlying architecture but introduces several key enhancements:
- Faster Transaction Times: Litecoin employs a more aggressive mining difficulty adjustment algorithm than Bitcoin, resulting in shorter block confirmation times of approximately 2.5 minutes compared to Bitcoin's 10 minutes.
- Higher Block Limit: Litecoin's maximum block size is set at 1 MB, four times that of Bitcoin, allowing for greater transaction throughput.
- Lower Transaction Fees: Litecoin's network fees are typically lower than Bitcoin's due to its faster block confirmation times and higher block limit.
- Diversified Mining Algorithm: Litecoin uses the Scrypt algorithm, which is different from Bitcoin's SHA-256 algorithm. This diversification enhances the security of the Litecoin network by making it less vulnerable to ASIC mining centralization.
FAQs
Q: Why was Litecoin created?
A: Litecoin was created as a faster, cheaper, and more accessible alternative to Bitcoin.
Q: What is Litecoin's price history?
A: Litecoin launched in 2011 with a price of $0.30. It reached an all-time high of $375 in December 2017.
Q: What are Litecoin's main technical features?
A: Litecoin features faster transaction times, a higher block limit, lower transaction fees, and a diversified mining algorithm.
Q: How is Litecoin used?
A: Litecoin can be used for sending and receiving payments, investing, and as a hedge against inflation.
Q: What are Litecoin's future prospects?
A: Litecoin's future prospects depend on market conditions and technological advancements. However, its unique features position it as a potential leader in the fast-paced cryptocurrency space.
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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！
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