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Bitcoin
$92,114.57
1.08% -
Ethereum
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-1.05% -
Tether USDt
$1.00
0.02% -
Solana
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2.23% -
BNB
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-2.12% -
XRP
$1.15
6.07% -
Dogecoin
$0.3740
1.21% -
USDC
$1.00
0.01% -
Cardano
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6.79% -
TRON
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3.52% -
Shiba Inu
$0.0...02553
1.44% -
Avalanche
$35.60
-2.34% -
Toncoin
$5.49
-2.04% -
Sui
$3.73
-1.09% -
Chainlink
$14.70
1.87% -
Pepe
$0.0...02187
0.70% -
Bitcoin Cash
$449.95
0.18% -
Polkadot
$5.82
3.06% -
Stellar
$0.2408
18.56% -
NEAR Protocol
$5.89
-1.79% -
UNUS SED LEO
$7.75
0.78% -
Litecoin
$91.96
1.11% -
Aptos
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-4.56% -
Uniswap
$9.13
0.63% -
Dai
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0.03% -
Cronos
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15.64% -
Internet Computer
$9.38
-3.47% -
Hedera
$0.1172
36.23% -
Kaspa
$0.1692
12.28% -
Ethereum Classic
$26.74
-1.02%
When was LTC coins issued? Learn about the origin of LTC coins in one article
Litecoin, the first altcoin, was released on October 7, 2011, as a faster and more accessible alternative to Bitcoin.
Oct 08, 2024 at 10:06 am
Litecoin: Origin and Issuance Date
1. Conceptualization and Development:
- Litecoin was conceptualized by former Coinbase engineer Charlie Lee in 2011.
- It was designed to be a lighter, faster, and cheaper alternative to Bitcoin.
2. Issuance Date:
- Litecoin's genesis block was mined on October 7, 2011.
- It was the first altcoin (alternative cryptocurrency) to be released on a decentralized network.
3. Initial Parameters:
- Litecoin's initial block reward was 50 LTC.
- It has a maximum supply of 84 million coins.
- The block time (time between mined blocks) is 2.5 minutes, which is four times faster than Bitcoin.
4. Proof-of-Work Algorithm:
- Litecoin uses the Scrypt proof-of-work algorithm, which is more memory-intensive than Bitcoin's SHA-256 algorithm.
- This makes Litecoin mining more accessible to individuals and smaller miners.
5. Litecoin's Impact:
- Litecoin gained significant traction in its early days and remains a popular cryptocurrency today.
- It has a loyal community and has been used as a testbed for new cryptocurrency technologies.
- Litecoin has demonstrated its resilience and stability over the years, making it a trusted alternative to Bitcoin for many users.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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