LTC

LTCLTC

Litecoin
$101.17
+10.74%
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  • Market Cap
    $6,264,603,315
  • 24h Vol (Global)
    ฿189,313 ($1,498,406,129)
  • Circulating Supply
    61,921,551
  • Issue Date
    2011-10-08
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
84,000,00061,921,5512011-10-08-POW1
explorer.litecoin.net
2
chainz.cryptoid.info
3
live.blockcypher.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
61,921,551Scrypthttps://github.com/litecoin-pr-https://litecoin.com/COIN

Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes. This allows transactions to be added to the blockchain sooner. Because of the decreased block generation time, it quadrupled its base supply to 84 million to compensate for the inflation rate. Currently, Litecoin has lower transaction fees than Bitcoin and can be used as a digital currency on the web to pay for goods and services and to play at crypto casinos. The value of Litecoin has grown significantly, and the currency’s market cap now exceeds $4 billion. Part of Litecoin’s surge in popularity in 2017 has been attributed to the currency being able to adopt and test a number of new features before Bitcoin, such as Segregated Witness and the Lightning Network, technology which allows the network to process more transactions.

Teams
    Charlie Lee

    Charlie Lee

    Founder

    Charlie Lee :More than four years before Charlie founded Litecoin, he started working at Google in September 2007 as a software engineer. At Google, Charlie is involved in many projects such as Play Games, YouTube Mobile and Chrome OS. In July 2013, Charlie left Google after five years of working with the company. In October 2011, Charlie Lee founded Litecoin. About two years after the creation of Litecoin, Charlie left Google to work for the newly created Coinbase. Charlie worked for 4 years at Coinbase, initially as an engineering manager and then as an engineering director before leaving in 2017. Charlie was one of the first people to be hired to work at Coinbase. He is currently the Managing Director of the Litecoin Foundation and oversees the development of Litecoin's cryptocurrency. A Segregated Witness (SegWit) protocol upgrade has been implemented and more future upgrades are planned.

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    Litecoin China Community Leader

    Litecoin China Community Leader

    PZ

    Early Bitcoin evangelist, Convener of the Global Bitcoin Roundtable, Secretary General of the Global Litecoin Roundtable, AMT Community and the sponsor of the VNS project.

    More
Introduction

Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes. This allows transactions to be added to the blockchain sooner. Because of the decreased block generation time, it quadrupled its base supply to 84 million to compensate for the inflation rate. Currently, Litecoin has lower transaction fees than Bitcoin and can be used as a digital currency on the web to pay for goods and services and to play at crypto casinos. The value of Litecoin has grown significantly, and the currency’s market cap now exceeds $4 billion. Part of Litecoin’s surge in popularity in 2017 has been attributed to the currency being able to adopt and test a number of new features before Bitcoin, such as Segregated Witness and the Lightning Network, technology which allows the network to process more transactions.

Social Media
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