An Introduction To Litecoin [or2Bb8QpXoe]
Litecoin is a cryptocurrency like Bitcoin.
Created by Charlie Lee and released on October, 7th, 2011 as a fork of Bitcoin Core.
Market Cap:
$17,508,058,079
One Litecoin is:
0.01828350 BTC
or
$321.47 USD
24 Hour Volume:
$7,706,310,000
Circulating Supply:
54,272,733 LTC
With a Maximum of:
84,000,000 LTC
Avg. Transactions per Hour:
6117
Avg. Transaction Fee:
$0.269 USD
What makes Litecoin different?
More Coins
Bitcoin is limited to 21 million coins.
Litecoin is limited to 84 million coins.
Faster Blocks
Bitcoin generates new blocks every 10 minutes.
Litecoin generates new blocks every 2.5 minutes.
This means transactions are confirmed faster.
The Mining Algorithm
Bitcoin uses SHA-256 for its proof-of-work while
Litecoin uses scrypt.
Bitcoin mining is has dominated by special hardware that very quickly computes SHA-256 hashes.
This is much less common with Scrypt.
Leadership
Charlie Lee is an active leader.
He is still contributing to the project.
He tweets regularly and does media appearances
My Opinion
Low transaction fees, faster confirmation, and effective leadership make Litecoin superior to Bitcoin. #crypto bank deutschland #milady crypto