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Litecoin

Blockchain.io
Blockchain.io

The cryptocurrency exchange of trust for individual and institutional traders and investors.

Ticker: LTC

Algorithm: Proof-of-Work

Maximum Supply: 84,000,000 LTC

Circulating Supply: 60 272 637 LTC (as of 2019/02/01, 11:00 AM UTC+1)

Litecoin is a decentralized currency directly derived from the Bitcoin protocol but with 2 main differences: a different “proof-of-work” hash function (scrypt instead of SHA-256) and a shorter block interval (2.5 minutes instead of 10 minutes for BTC). Litecoin open-source code was released on Github by former Google employee, Charlie Lee, on October 7, 2011 and went live 6 days later. Litecoin was meant to complement the leading store of value, as an efficient mean of commerce since it can handle 56 on-chain transactions per second (vs 7 on-chain transactions per second for Bitcoin). Litecoin is also using a different hashing algorithm . Moreover, Litecoin was the first Top 5 crypto-currency to adopt SegWit in May 2017 and to perform a Lightning Network transaction (Layer 2 trustless protocol, making transactions nearly instantaneous) the same month. Block reward is currently 25 LTC per block, planned to be halved in August 2019.

Buy litecoin with bitcoin: https://trade.blockchain.io/exchange/buy

Blockchain.io
Blockchain.io

The cryptocurrency exchange of trust for individual and institutional traders and investors.

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