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Bitcoin
$92,525.43
0.60% -
Ethereum
$3,104.79
-0.75% -
Tether USDt
$1.00
0.02% -
Solana
$234.81
-3.61% -
BNB
$612.50
-1.13% -
XRP
$1.09
-2.83% -
Dogecoin
$0.3874
-0.62% -
USDC
$0.9999
0.00% -
Cardano
$0.7877
3.30% -
TRON
$0.1978
-3.97% -
Shiba Inu
$0.0...02436
-3.68% -
Avalanche
$33.82
-4.96% -
Toncoin
$5.42
-3.79% -
Sui
$3.80
-0.44% -
Chainlink
$14.47
-3.83% -
Polkadot
$5.81
-2.51% -
Bitcoin Cash
$438.17
-4.54% -
Pepe
$0.0...02028
0.25% -
UNUS SED LEO
$8.44
8.33% -
Stellar
$0.2350
1.52% -
NEAR Protocol
$5.59
-6.67% -
Litecoin
$85.12
-5.34% -
Aptos
$11.50
-2.55% -
Uniswap
$9.07
-1.66% -
Dai
$0.9996
-0.03% -
Cronos
$0.1822
8.24% -
Hedera
$0.1240
-12.42% -
Internet Computer
$9.12
-3.36% -
Render
$8.07
7.23% -
Bonk
$0.0...05538
11.95%
What is Litecoin? Litecoin online trading platform, total volume and detailed introduction
Litecoin, created as a "lite" version of Bitcoin, provides faster transactions and lower fees due to its shorter block time and Proof-of-Work consensus mechanism.
Oct 13, 2024 at 10:47 am
What is Litecoin?
Litecoin (LTC) is a decentralized, peer-to-peer cryptocurrency that enables instant, near-zero cost payments to anyone anywhere in the world. It was created in 2011 by Charlie Lee, a former Google engineer, as a "lite" version of Bitcoin, aiming to provide faster transaction speeds and lower fees.
Key Features of Litecoin:
- Faster Transactions: Litecoin has a shorter block time of 2.5 minutes compared to Bitcoin's 10 minutes, resulting in faster transactions.
- Lower Fees: Transaction fees on Litecoin are generally lower than those on Bitcoin due to its higher block production rate.
- Proof-of-Work: Litecoin uses the Proof-of-Work (PoW) consensus mechanism for mining new blocks, similar to Bitcoin.
- Halving Schedule: Litecoin has a halving schedule like Bitcoin, with the block reward reduced by half every 840,000 blocks (approximately every four years).
Online Litecoin Trading Platforms:
1. Coinbase:
- User-friendly interface and high liquidity.
- Supports Litecoin and other major cryptocurrencies.
- Charges low trading fees and provides secure storage options.
2. Binance:
- Extensive selection of cryptocurrencies and trading pairs.
- Offers advanced trading features for experienced traders.
- Charges competitive trading fees and supports various payment methods.
3. Kraken:
- Trusted and established platform with a focus on security.
- Features advanced order types and margin trading options.
- Charges relatively low trading fees and provides OTC services.
4. FTX.US:
- For US-based users, offers a variety of cryptocurrencies and derivatives.
- Provides zero-fee trading on its spot market (up to certain limits).
- Features advanced trading tools and educational resources.
Total Volume of Litecoin:
As of February 2023, Litecoin's total supply is approximately 70 million LTC, with a market capitalization of over $6 billion. Its daily trading volume typically ranges between $200 million to $500 million.
Conclusion:
Litecoin is a popular cryptocurrency known for its fast and cost-efficient transactions. It has gained significant adoption from businesses and individuals worldwide and is traded on a variety of reputable online platforms. With its faster block times and reduced fees, Litecoin remains a viable alternative to Bitcoin for users seeking a more efficient and affordable digital currency.
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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