What is Litecoin?
is a peer-to-peer Internet currency that enables instant, near-zero
cost payments to anyone in the world. Litecoin is an open source, global
payment network that is fully decentralized without any central
authorities. Mathematics secures the network and empowers individuals to
control their own finances. Litecoin features faster transaction
confirmation times and improved storage efficiency than the leading
math-based currency. With substantial industry support, trade volume and
liquidity, Litecoin is a proven medium of commerce complementary to
Find support across a growing number of Litecoin communities:
Search for Users on Twitter
IRC FreeNode network channels #litecoin (for general users) and #litecoin-dev (for developers).
Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
Up-to-date network statistics can be found at Litecoin Block Explorer Charts.
Source code for Litecoin Core and related projects are available on GitHub.
Open Source Software
is an open source software project released under the MIT/X11 license
which gives you the power to run, modify, and copy the software and to
distribute, at your option, modified copies of the software. The
software is released in a transparent process that allows for
independent verification of binaries and their corresponding source
The Litecoin blockchain is capable of
handling higher transaction volume than its counterpart - Bitcoin. Due
to more frequent block generation, the network supports more
transactions without a need to modify the software in the future.
result, merchants get faster confirmation times, while still having
ability to wait for more confirmations when selling bigger ticket items.
encryption allows you to secure your wallet, so that you can view
transactions and your account balance, but are required to enter your
password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
are currently awarded with 25 new litecoins per block, an amount which
gets halved roughly every 4 years (every 840,000 blocks).
The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
What is Litecoin?
(LTC) is a decentralized peer-to-peer cryptocurrency that was released
on October 7th, 2011 and went live on October 13th, 2011.
The silver to Bitcoins gold.
Bitcoins little brother that doesnt get out much.
are just a few of the things you might hear being tossed around when
talking about Litecoin. At a first glance, Litecoin doesnt garner much
respect as a top 10 market cap cryptocurrency.
However, once you
get into the weeds, Litecoin presents an extremely useful and
interesting application of the original Bitcoin blockchain.
For all the flak Litecoin gets, its easy to overlook what it actually is, and what functions it serves.
The Low-Down on Litecoin
was founded by former Google employee Charlie Lee. It was one of the
first forks of the Bitcoin core client. It was proposed as a solution to
some of the bottlenecks and scalability issues with Bitcoin, most
notably the number of transactions that could be processed within a
The edge Litecoin has over Bitcoin is that the
payment transaction costs are extremely low, and it is capable of
facilitating payments around 4x as fast.
started gathering attention during its explosive growth in November
2013, where it saw a near 15x spike in price. This jump in price,
however, was short-lived and Litecoin hovered around the $4 per LTC
range for about two years. It wasnt until May 2017 that it started to
pick up steam again during a time where generally all cryptocurrencies
experienced massive growth.