BTC: $3,573.76 2.88% EOS: $2.4331 12.15% ETH: $115.61 6.08%
LTC
  • Global
  • CNY
  • USD
$32.73

3.64

12.51%

Volume

Business

1.69B

51.77M

High

Low

3640.8

3279.34

5m%Amp

ToR

0.53%

Ranking
NO.5

Value

Ticker

Price

3.18B

LTC

1 LTC = 4.3 USD

Time

Total

2011-11-09

84,000,000

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized withou

Name

$price

Amt(24h)

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Circulating Supply

Created with Highstock 6.1.1 Circulation Release:68.0% Circulation Release:68.0% Others:32.0% Others:32.0%

Rules of circulation release Supply

Litecoin is created by mining, which is calculated by using a computer graphics card to process Hash algorithm. If the value of "blasting" is calculated, system will reward 50 LTC at a time. It decreased to 25 LTC in 2017.

Project Introduction

Background

Litecoin is based on the Bitcoin protocol, but unlike Bitcoin, it can be "mined" efficiently with consumer-grade hardware, even at this stage. Litecoin provides you with faster transaction confirmation (average 2.5 minutes). It uses hard memory, and based on Scrypt (a kind of encryption algorithm) mining workload prove algorithm, for most people to use the normal computer and graphics processor (GPU). The Litecoin network is expected to produce 84 million currency units.

One of Litecoin's design aims is to provide a mining algorithm that can be run simultaneously on a machine that mines Bitcoin. With the rise of dedicated integrated circuits (ASIC) designed to mine Bitcoin, Litecoin followed the technology. But until the Litecoin currency becomes widely available, it is unlikely that a dedicated integrated circuit (ASIC) designed specifically for Litecoin will emerge.

Features

  • Open Source Software:  Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
  • Blockchain:  The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
  • Wallet Encryption:  Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins. This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
  • Mining Reward:  Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

Conclusion

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Time Line

2017.8.1

Litecoin core v0.14.2 released.

2017.6.21

The founder of Litecoin officially announced the launch of Litecoin lightning network.

2017.6.9

Charlie Lee has announced that he will no longer work for Coinbase and will focus on the development of Litecoin.

2017.5.11

The witness isolation was officially activated in the 1201536th block of Litecoin, which allows users of Litecoin to witness the new way of transaction in witness isolation.

2017.4

Litecoin Foundation is officially registered in Singapore to provide financial support for the development team. The BW mine pool voted in favor of the Litecoin witness isolation.

2017.2.9

Charlie Lee revealed during the AMA in Babbitt that he planned to force the witness isolation. The next day, the main network of Wright COINS will start the activation process of the witness isolation (voting).

2016.7.3

Litecoin kernel development team and Litecoin Association issued "Litecoin 2016 official development roadmap", said it would release a new version of functions including "witness isolation", "lightning network", "smart contract". Something makes so much noise in the Bitcoin community, Litecoin would first experiment.

2015.8.26

Litecoin has halved for the first time, and now (2017) each block of data can produce 25 LTC.

2014.6

Hive, an online wallet service, has added support for Litecoin. Litecoin core v0.10.2.2 released.

2013.7.3

Mt.Gox launches the LTC trading API in preparation for the official launch.

2011.10.7

The release of Litecoin through an open source client on Github marks the birth of Litecoin, founded by Charlie Lee.

Announcement

In the past hour, the number of digital currency Twitter discussions still ranke 2019-01-04

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LTC has a large transfer value of nearly 15 million yuan] According to Chaindigg 2019-01-04

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CHAOEX is about to go online in the USDT area trading mining activity] According 2018-12-20

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Coinbase shifts $5 billion in cryptocurrencies to prepare for more coins. Accord 2018-12-19

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LTC has experienced violent fluctuations] According to Binance data, [up] LTC is 2018-12-19

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News

11 major trends in 2019: 51% attack flooding Ripple and Litecoin crash   2019-01-28

WehavededicatedourreaderstothedevelopmentoftheworldofpasswordsthatMulti... 查看更多>>

Coingate Integrates Lightning Network on Litecoin to Boost Crypto Payments 2019-01-18

CoingateIntegratesLightningNetworkonLitecointoBoostCryptoPayments

Litecoin Price Leaps 11% — Here’s What’s Fueling the LTC Rally 2019-01-05

LitecoinPriceLeaps11%—Here’sWhat’sFuelingtheLTCRally

Cryptographic currency January 4th   2019-01-04

NewsellingpointsforADA,ETH,LTC,andTRXwereestablished.  

A sharp rebound in the "Christmas market" is more difficult to continue | Blockc 2018-12-23

Thisweek,LTCtooktheleadinawaveofindependentrisingmarket,themarketbegana... 查看更多>>

Rating

工信部评级 分数: 75.5 评分规则>

评估范畴(主要就技术领域):基础技术(考察公链的实现功能、基础性能、安全性和中心化程度)、应用性(考察公有链支撑的应用场景、钱包数量及易用性、链上开发支持)、创新性(考察了公有链技术创新团队规模,代码更新情况,代码影响力);等级标准:0—100+(低-高)

TokenInsight 分数: BBB 评分规则>

评估范畴:团队:团队资质及真实性,项目:考察技术层面、商业前景、 通证经济价值以及项目落地情况等,生态:从通证的机制、社群知名度以及其 合作机构和交易所情况,考察其是否有横向和纵向拓展能力;等级标准:AAA,AA,A,BBB,BB,B,CCC,CC,C,D(高-低)

链塔智库 分数: 3.0 评分规则>

评估范畴:人才(成员分量、团队完整度,总体是行业及区域两个维度)、技术(目前的技术布局以及采用或拥有技术的先进性)、项目(是否能带来价值倍增以及可能出现的风险)、运营(衡量公司各方面的运转情况:发展进度,舆论反响,社会运营)、资本(衡量投资机构为项目带来的增值:投资机构、投资人的分量、投资金额和估值);等级标准:5-0(高-低)

Team Members

Charlie Lee

Founder