Litecoin (LTC) logo
Litecoin (LTC) logo

Litecoin (LTC) Price and Reviews

Expert Review
May 22, 2020

Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm. Litecoin was created in order to fix some known issues Bitcoin has. For instance, Litecoin performs faster transactions and itis more efficient storage-wise. Litecoin was used for successful tests of Lightning Network— an innovation that is aimed to improve the long-time problem of cryptocurrencies — low transactions speed.

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The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
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User reviews
CJLee 20 October 2019, 1:55 PM

I am a LTC fan. It's cheaper and faster to use than BTC. I also believe there is plenty of growth potential in its current price. A+ coin.

Orizwedanta 3 October 2019, 5:32 AM

Good coins, easy to earn

Related news
Country: International
Market cap: $ 4,835,876,172.1639
Supply: 66,426,870.49676
Price (USD): $ 73.8
Volume 24h: $ 143,287,513.6468
Change 24h: -11.89%
Algorithm: Scrypt
Proof type: PoW
Total supply: 84,000,000.0
Total coins mined: 65,464,958.99676
Is trading: yes
Block reward: 13.5
Block time: 150.0
Litecoin (LTC) logo

Litecoin (LTC) Price and Reviews