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
- New Huawei smartphone will feature a hardware wallet for digital yuanCointelegraph.com News - 9 hours agoThe Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Huawei has announced that its forthcoming Mate40 smartphone series will…
- Bitcoin just 4 days away from historically bullish $10K price recordCointelegraph.com News - 9 hours agoIf Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that $100,000 is next. Bitcoin (BTC) has spent nearly 100…
- Blockchain could become a part of the US military’s strategic weaponryCointelegraph.com News - 10 hours agoSIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. One often hears…
- Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crashCointelegraph.com News - 10 hours agoThe price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified. The price of Bitcoin (BTC) abruptly…
- Nearly 24% of Ether held on exchanges — three times the percentage of BitcoinCointelegraph.com News - 12 hours agoOnly 8.1% of Bitcoin is held on exchanges compared to Ether where almost one-quarter of the supply sits on exchanges. Almost one-quarter of Ethereum’s (ETH)…