LitecoinLitecoin (LTC) $69.95 (-3.64%)

  • 24h Open $72.96
  • 24h Range $67.87 - $73.04
  • 24h Volume: $218.50 M
  • Market Cap: $3.77 B
  • Rank: #6
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Litecoin Pricing Data

Price $69.95
24h Volume $218.50 M
24h Change -3.64%
Market Cap $3.77 B
Current Supply 53.93 M
Total Supply 53.93 M

Summary


Litecoin is a peer-to-peer digital currency system which relies on cryptography to secure payments between users on a public blockchain. It is fully open-source, decentralized, and utilizes the same blockchain concept that Bitcoin uses (since it is based on a fork of the Bitcoin core). What sets it apart from other competitors is its high scalability, very low transaction fees and faster transactions. Blocks are mined faster, although it is harder for nodes to mine Litecoin compared to other cryptocurrencies. It utilizes the Lightning Network, a peer-to-peer mesh network that opens payment channels between users to further reduce transaction times and provides a layer of anonymity. Litecoin is the unit of value of the system.

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.


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Currency Lightning Network Minable Proof of Work Segregated Witness


Network Statistics

Proof PoW
Alogrithm Scrypt
Start Date 13-10-11

Core Statistics

ICO Date: 13-10-11
Founder(s) LTCFoundation
Email contact@litecoin.com

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