Litecoin
| Last updated | 44 minutes ago |
| Price per LTC in USD | $ 77.782942417712 |
| Price per LTC in Bitcoin | 0 |
| Volume over the last 24 hours | $ 260,281,007 |
| Market cap in USD | $ 5,877,159,989 |
| Change in % over the last hour | 0.42608162 |
| Change in % over the last 24 hours | 2.06985705 |
| Change in % over the last 7 days | 0.42165596 |
LTC specifications
| Name | Litecoin |
| Symbol | LTC |
| Minable | Yes |
| Algorithm | Scrypt |
| Prooftype | PoW |
| Total coin supply | 84000000 |
| Premine: | N/A |
Coin description
Litecoin is a peer-to-peer cryptocurrency created as a "lite" version of Bitcoin, offering faster transaction confirmation times and a different hashing algorithm (Scrypt). It operates on a proof-of-work consensus mechanism, allowing miners to validate transactions and secure the network. Litecoin is often referred to as the "silver to Bitcoin's gold," serving as a complementary cryptocurrency for everyday transactions.
Litecoin Speed and Adoption
Litecoin's faster block generation time (2.5 minutes vs. Bitcoin's 10 minutes) makes it ideal for everyday transactions. Its widespread adoption and compatibility with Bitcoin infrastructure have solidified its position as one of the leading cryptocurrencies. For example, Litecoin has been integrated into numerous payment processors and wallets, making it easy for merchants to accept LTC payments.
In addition to its speed, Litecoin has also been at the forefront of adopting new technologies. For instance, it was one of the first cryptocurrencies to implement Segregated Witness (SegWit) and the Lightning Network, both of which improve scalability and reduce transaction fees. These innovations have helped Litecoin maintain its relevance in a rapidly evolving market. Keywords like Litecoin fast transactions and Scrypt mining are closely tied to its mission.