LTC Specifications

Type

COIN

Algorithm

Scrypt

Protocol

POW

Start Date

08/10/2011

Max Supply

84,000,000

Circ. Supply

75,560,514

Website

Explorer

Social Media

Info

Litecoin (LTC) is a decentralized cryptocurrency known for its speed and cost-efficiency, making it ideal for daily transactions. Offering a scalable alternative to Bitcoin, LTC is widely used for token swaps and is recognized as a reliable medium of exchange in the cryptocurrency ecosystem. Its widespread acceptance and integration into payment systems make Litecoin a preferred choice for both individuals and merchants seeking practical digital currency solutions.

Market Impact

Litecoin has established itself as a foundational cryptocurrency, driving adoption through fast and affordable transactions. Its role in enabling token swaps has made it an essential asset for decentralized finance (DeFi) users. With broad support on major exchanges, LTC has maintained its relevance as a trusted digital currency for payments and blockchain-based applications.

History

Litecoin was introduced in 2011 by Charlie Lee as one of the first altcoins, developed to improve Bitcoin's limitations in transaction speed and accessibility. By implementing a block time of 2.5 minutes and utilizing the Scrypt hashing algorithm, Litecoin offered faster confirmations and a more inclusive mining process. Over the years, it has gained significant adoption on exchanges and decentralized platforms, facilitating diverse financial applications.

Features

Fast Confirmation Times
Litecoin's 2.5-minute block time supports rapid token swaps, making it efficient for decentralized platforms.
Low Transaction Costs
The network's design minimizes fees, providing a cost-effective option for exchanges and financial activities.
High Supply Availability
With a maximum supply of 84 million coins, Litecoin ensures global accessibility for users engaging in crypto transactions.

Website

Explorer

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.