Litecoin (LTC)
Litecoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Litecoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Litecoin is an early bitcoin fork from October 2011.
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Litecoin (LTC)
Litecoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world.
Website
No Whitepaper
Source code
Explorer
Consensus: Proof of Work
Hash algorithm: SHA 256
Block time: 2.5 minutes
Max supply: 84 Million
Circ. supply: ≈65 Million
Block reward: 12.5 LTC
Next halving: ≈2023
Mainnet: 13th October 2011
Main use case:
Payment
Community & Communication:
Litecoin Dev Team
LitecoinTalk Forum Bitcointalk Telegram
Twitter
The story of Litecoin
Litecoin was developed with the goal to improve on Bitcoin’s flaws and to enable instant, near-zero cost payments to anyone. Litecoin has faster transaction confirmation times and improved storage efficiency compared to Bitcoin. It is an open source, global payment network that is fully decentralized without any central authorities. Litecoin is a proven medium of commerce that is competing with Bitcoin but also complementary to Bitcoin.