Litecoin
Official Litecoin logo
Litecoin (LTC or ) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[citation needed] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[2] In technical details, litecoin is nearly identical to Bitcoin.
Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase.[2][3] The Litecoin network went live on October 13, 2011. It was a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[4]
In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zrich to San Francisco in under one second.
Litecoin is different in some ways from Bitcoin.
Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[6]
When it comes to Litecoin as a method of payment, in early days there was correlation to Bitcoin in terms of extended payment patterns. Although one might assume that payment patterns of Litecoin would converge to Bitcoin, it has been found that there is little correlation of the payment patterns of Litecoin vs Bitcoin today, and these patterns continue to diverge over time.[7]
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- What Is Litecoin? Here's Everything You Need To Know ... - February 1st, 2018 [February 1st, 2018]
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- What's Wrong With Ethereum, Ripple, and Litecoin? -- The ... - March 23rd, 2018 [March 23rd, 2018]
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- Litecoin Courting TenX and Korbit - Just a Month after ... - April 22nd, 2018 [April 22nd, 2018]
- Litecoin vs Bitcoin: The 2 Most Popular Digital Coins Compared - April 24th, 2018 [April 24th, 2018]
- Litecoin Review - Charlie Lee's Open Source P2P LTC ... - April 24th, 2018 [April 24th, 2018]
- 3 Ways Litecoin (LTC) Will Grow In 2018 - April 24th, 2018 [April 24th, 2018]
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- What is Litecoin? A Basic Beginners Guide - Blockgeeks - September 18th, 2018 [September 18th, 2018]
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- What is Litecoin? | A Beginner's Guide - December 3rd, 2018 [December 3rd, 2018]
- Litecoin Soars 36% As Investors Gain Confidence - December 7th, 2018 [December 7th, 2018]
- Litecoin Definition | Investopedia - December 7th, 2018 [December 7th, 2018]
- What Is Litecoin? What to Know in 2019 - TheStreet - December 22nd, 2018 [December 22nd, 2018]
- Crypto Market Extend Gains: Litecoin (LTC), Bitcoin Cash ... - December 22nd, 2018 [December 22nd, 2018]
- CMA warns against new coin offering - mediamaxnetwork.co.ke - January 4th, 2019 [January 4th, 2019]
- 3.17$ Get Free | Free Cloud Mining Site 2019 | Live ... - January 4th, 2019 [January 4th, 2019]
- Crypto Prices Fall; Ireland Toughens Law on Money Laundering - January 4th, 2019 [January 4th, 2019]
- Litecoin (LTC): Rejected at $40, this downtrend could last longer - January 18th, 2019 [January 18th, 2019]
- Litecoin | Litecoin Price | LTC | Litecoin Chart | Info ... - January 23rd, 2019 [January 23rd, 2019]
- Litecoin (LTC) Price, Chart, Info | CoinGecko - January 23rd, 2019 [January 23rd, 2019]
- Top 3 Litecoin Price Predictions for 2018 ~ InvestingPR.com - January 25th, 2019 [January 25th, 2019]
- Litecoin Climbs More Than 30% In A Matter Of Hours - February 11th, 2019 [February 11th, 2019]
- Litecoin - investopedia.com - February 12th, 2019 [February 12th, 2019]
- Ex-Googler Gives the World a Better Bitcoin | WIRED - February 12th, 2019 [February 12th, 2019]
- Litecoin Is Surging, Boosting Ethereum, Ripple's XRP And ... - February 12th, 2019 [February 12th, 2019]
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- Beginner's Guide | litecoinpool.org - April 16th, 2019 [April 16th, 2019]
- litecoinpool.org - April 16th, 2019 [April 16th, 2019]
- Litecoin Value | Litecoin Price | Litecoin Wallet ... - April 16th, 2019 [April 16th, 2019]
- What Is Litecoin? LTC News, Price and Charts - April 16th, 2019 [April 16th, 2019]
- Moon Litecoin - Free Litecoin Faucet - April 16th, 2019 [April 16th, 2019]
- Litecoin - Investopedia - April 16th, 2019 [April 16th, 2019]
- Litecoin (LTC) price: News & Live Chart - Trading Analysis ... - May 5th, 2019 [May 5th, 2019]
- Bitcoin Cash, Litecoin And Dogecoin Bulls Aim Higher ... - May 10th, 2019 [May 10th, 2019]
- Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving? - May 10th, 2019 [May 10th, 2019]
- Litecoin (LTC) Price Analysis: Dips Remain Attractive To ... - May 10th, 2019 [May 10th, 2019]
- Litecoin (LTC) Price Analysis: Risk Of Additional Weakness ... - May 10th, 2019 [May 10th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 15/09/19 - FX Empire - September 19th, 2019 [September 19th, 2019]
- Litecoin could start its road to recovery if it breaks out of the parallel channel - AMBCrypto - September 19th, 2019 [September 19th, 2019]
- Litecoin Fractal Hints Bitcoin Price May Soon Tumble to $8,300 - Ethereum World News - September 19th, 2019 [September 19th, 2019]
- Litecoin could swing higher following the completion of ascending triangle pattern - AMBCrypto - September 19th, 2019 [September 19th, 2019]
- Litecoin Exhibits 4% Hike in the Intraday Trading - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Bitcoin, Ethereum and Litecoin Price Analysis and Prediction for September 12th 2019: BTC, ETH, and LTC - The Merkle Hash - September 19th, 2019 [September 19th, 2019]
- Litecoin Ready for Gains as Alts Turn Green - Price Analysis - CryptoGlobe - September 19th, 2019 [September 19th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 16 September - FXStreet - September 19th, 2019 [September 19th, 2019]
- InnfiRAT Malware Steals Litecoin And Bitcoin Wallet Information - BleepingComputer - September 19th, 2019 [September 19th, 2019]
- Litecoin Gears Up for A Rebound; Hovers Around $65 - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 13/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Weiss Crypto Ratings Downgrades Litecoin & Cardano, Ups Monero - Cryptonews - September 19th, 2019 [September 19th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - American Wrap - 19 September - FXStreet - September 19th, 2019 [September 19th, 2019]
- Litecoin Foundation Selects Celsius Network as Its Preferred Interest-bearing Wallet - Business Wire - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 16/09/19 - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin vs. Litecoin: BTC Price Trend Seems Disturbed; LTC Reflects Growth in the Price - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Litecoin price analysis: LTC/USD bullish frenzy is unstoppable - FXStreet - September 19th, 2019 [September 19th, 2019]
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- Bitcoin And Crypto Wallets Are Now Being Targeted By Malware - Forbes - September 19th, 2019 [September 19th, 2019]
- Litecoin price analysis: LTC/USD reclaims $70 support amid broad-based crypto recovery - FXStreet - September 19th, 2019 [September 19th, 2019]
- Litecoin Price Escalation Prepones the Price Rally; Uptrend Reflects Stability - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
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- Litecoin will have succeeded when it doesnt need Charlie Lee [INTERVIEW] - CryptoSlate - September 19th, 2019 [September 19th, 2019]
- Litecoin Non-Profit to Hold Undisclosed Treasury Sum with Crypto Lender - CoinDesk - September 19th, 2019 [September 19th, 2019]
- Litecoin and Bitcoin wallets on iPhones older than and including iPhone X are insecure, says LTC developer - AMBCrypto - October 1st, 2019 [October 1st, 2019]
- Tether (USDT) Becomes Fourth Biggest Cryptocurrency, Trumping Bitcoin Cash (BCH) and Litecoin (LTC) - U.Today - October 1st, 2019 [October 1st, 2019]
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- Litecoin Gets Back To The Lower Border Of The Channel - Benzinga - October 1st, 2019 [October 1st, 2019]
- The Hard Week Thats Been Hitting Litecoin - Live Bitcoin News - October 1st, 2019 [October 1st, 2019]
- Litecoin Price Changed by 3.49 percent - ICO Brothers - October 1st, 2019 [October 1st, 2019]
- Litecoin looks to gain movement with potential inverted bart formation - AMBCrypto - October 26th, 2019 [October 26th, 2019]
- Litecoin set to breach ascending triangle as buying pressure rises - AMBCrypto - October 26th, 2019 [October 26th, 2019]
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- You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon - U.Today - October 26th, 2019 [October 26th, 2019]