Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011.
Lee's intention behind Litecoin was to create a "lite version of Bitcoin," and its developers have always stated that Litecoin can be seen as the "silver" to Bitcoin's "gold." Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed, which is about 2.5 minutes per block. However, Litecoin users may have to wait up to around 30 minutes for their transaction to be processed due to network congestion.
Litecoin is accepted at a variety of merchants, you can see an updated list on the Litecoin Foundation's website.
Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Scrypt, by design, is more accessible for users that want to mine via CPUs or GPU, as ASIC-based mining rigs are not suitable for Litecoin mining.
In the beginning, Litecoin block rewards were 50 Litecoin, but the block reward was halved in 2015 to 25, and will continue to halve until its hard cap of 84 million Litecoin is reached.
Litecoin can be stored like most cryptocurrencies either on an exchange or in a cold or hot storage wallet.
You can buy Litecoin at any exchange that supports the cryptocurrency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Remember to do your own research before choosing an exchange.
| Litecoin Price | $41.93 USD |
|---|---|
| Litecoin ROI | 875.27% |
| Posizione mercato | #7 |
| Cap. del mercato | $2,723,872,941 USD |
| Volume 24 ore | $1,145,669,026 USD |
| Rifornimento circolante | 64,957,158 LTC |
| Rifornimento totale | 64,957,158 LTC |
| Rifornimento massimo | 84,000,000 LTC |
| Più alto di sempre | $375.29 USD (Dec 19, 2017) |
| Più basso di sempre | $1.11 USD (Jan 14, 2015) |
| Più alto/Più basso 52 sett. | $125.08 USD / $25.57 USD |
| Più alto/Più basso 90 gg | $50.92 USD / $38.60 USD |
| Più alto/Più basso 30 gg | $47.92 USD / $40.66 USD |
| Più alto/Più basso 7 gg | $42.60 USD / $40.66 USD |
| Più alto/Più basso 24 ore | $42.17 USD / $41.05 USD |
| Più alto/Più basso ieri | $41.68 USD / $41.05 USD |
| Apertura/Chiusura ieri | $41.47 USD / $41.21 USD |
| Risultato ieri | $-0.266719 USD (-0.64%) |
| Volume ieri | $1,122,905,126 USD |