23.07.2018 04:59

Litecoin

LTC

$83.82

arrow_downward -0.54%

0.011201 BTC

Market Cap:

$4 821 676 732

Circulating Supply:

57 522 807 LTC

Max Supply:

84 000 000 LTC

About Litecoin

Litecoin is a cryptocurrency based on the blockchain, which works similar to Ethereum and Bitcoin. Litecoin was introduced in October 2011. The first release took place on October 7, 2011, through an open source client. The first release of Litecoin was the Bitcoin Core client's fork created by Charlie Lee, a former Google employee. Litecoin remained a lesser known altcoin until November 2013, when it exploded with growth. The total cost of Lightcoin increased by 100% during the 24-hour period. By the end of November 2013, Lightcoin had a market capitalization of $ 1 billion. In early 2017, the market capitalization of the currency was about $1.5 billion. Litecoin has several advantages: Widely available resources: You can find general information, as well as a list of services and exchanges that support Lightcoin. General information can be found in the Litecoin Wiki, while the latest network statistics can be found in the Litecoin Block Explorer Charts. Software with open source: Litecoin is an open source software. It means that users have the right to run, modify and copy software and distribute at their discretion the modified versions of the software. Blockchain: Lightcoin Blockchain can handle a higher transaction volume than Bitcoin due to the fact that the Litecoin block has a more frequent generation of blocks. As a result, traders enjoy a faster confirmation time, still having the opportunity to wait for additional confirmations when selling larger amounts. Reward: Initially, the fee for the created block was 50 LTC. On August 25, 2015, it was reduced to 25 LTC. Amount: The number of coins that can be created is limited to 84,000,000 LTC. For comparison, the older brother Bitcoin has a limit of 21,000,000 BTC. Some analytics claim that with time the cost of one Litecoin will rise in price due to the deficit. But, since the currency is experiencing some problems, it is difficult to make predictions for the future. If you want to know the latest information and current Litecoin exchange rate, visit its telegram account @litecoin.

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