-
Bitcoin $88,629.0112
1.53% - Ethereum
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1.55% - Toncoin
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1.81% - Hyperliquid
$18.4964
3.15% - Litecoin
$79.8162
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$3.7801
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$1.0000
0.00% - Bitget Token
$4.4558
-0.32% - Ethena USDe
$0.9992
0.01% - Pi
$0.6369
0.62% - Monero
$217.7312
1.28% - Pepe
$0.0...08147
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$5.4346
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$4.9660
-4.00%
What is LTC coin? What is LTC coin
Litecoin, a fork of Bitcoin, offers faster transactions with lower fees, making it suitable for everyday use.
Oct 07, 2024 at 08:23 am
1. What is LTC Coin?
Litecoin (LTC) is a cryptocurrency and a blockchain that is a fork of the Bitcoin blockchain. It was created in 2011 by Charlie Lee, a former Google engineer and Litecoin Foundation director. LTC has a faster transaction time and a lower transaction fee than Bitcoin. It is often used for everyday transactions, where Bitcoin is more suited to store value.
2. History of LTC Coin
- October 2011: Litecoin was created by Charlie Lee, a former Google engineer.
- November 2013: Litecoin was added to the Coinbase exchange.
- May 2017: Litecoin reached an all-time high price of $84.24.
- December 2017: Litecoin reached a market capitalization of over $10 billion.
- 2023: Litecoin is still one of the top 20 cryptocurrencies by market capitalization.
3. Features of LTC Coin
- Faster transaction time: Litecoin has a block time of 2.5 minutes, compared to Bitcoin's 10 minutes. This means that Litecoin transactions are confirmed faster, making it more suitable for everyday use.
- Lower transaction fee: Litecoin's transaction fee is typically lower than Bitcoin's. This makes it more affordable to use for small transactions.
- Larger supply: Litecoin has a maximum supply of 84 million coins, compared to Bitcoin's 21 million. This means that there is more room for LTC to grow in value in the future.
- SegWit activation: Litecoin was one of the first cryptocurrencies to activate SegWit, which is a technology that helps to improve the scalability of the blockchain.
- Atomic swaps: Litecoin supports atomic swaps, which allow for the direct exchange of different cryptocurrencies without the need for a third party.
4. Conclusion
Litecoin is a popular cryptocurrency that has been around for over a decade. It has a number of advantages over Bitcoin, including faster transaction times, lower transaction fees, a larger supply, and SegWit activation. Litecoin is still one of the top 20 cryptocurrencies by market capitalization and is a promising investment for the future.
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