What is Litecoin (LTC)?
Litecoin (LTC) claimed the status of silver (compared to Bitcoin’s gold status). It works very similar to Bitcoin and differs mainly in parameters such as hashing algorithm (scrypt), coin supply limit (84 million) and average blocktime(2.5 minutes).
Litecoin was launched in 2011 by former Google engineer Charlie Lee, in order to enable CPU mining at a time when GPUs took over as Bitcoin’s primary mining driver. However people later managed to port Scrypt over to GPU as well as ASICs, yet tecoin has still managed to remain mostly in top 10 cyptocurrency list (ordered by market capitalization).
- Historical Data
- Ripple Aims to Become the Amazon of the Cryptocurrency WorldCointelegraph.com News - 18 minutes agoRipple is working to explore new use cases for its blockchain network. The much-debated blockchain firm Ripple is now planning to expand its use case…
- YAM Token Holders ‘Burnt the Hardest’ After Price Plunges to ZeroCointelegraph.com News - 23 minutes agoYam Finance, an experimental DeFi protocol, crashed to zero after the discovery of a rebase bug. Compound, Yearn Finance, and Balancer plunged shortly thereafter. Yam…
- Ireland Will Transpose Latest EU Anti-Money Laundering Rules Into National LawCointelegraph.com News - 2 hours agoIrish crypto firms will face stricter obligations after the country belatedly adopts the latest EU anti-money-laundering rules. Cryptocurrency firms in Ireland will soon be regulated…
- New Bill in Germany Proposes to Digitize Securities With BlockchainCointelegraph.com News - 2 hours agoThe arrival of digitized securities is one of the core aspects of the federal government’s blockchain strategy, German authorities say. Federal regulators in Germany are…
- Rebase Bug Permanently Breaks Yam GovernanceCointelegraph.com News - 2 hours agoUnaudited contracts resulted in its death after all. A bug in the hastily-developed contracts for Yam Finance resulted in the governance contracts being “permanently broken”…