Published October 5, 2023.
Token name | Litecoin |
Ticker | LTC |
Website | Litecoin.net |
Overview of Coin | Litecoin is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license.
Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011.[3][4] In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase.
The practical effects of those codebase differences are lower transaction fees,[5] faster transaction confirmations,[4] and faster mining difficulty retargeting. Due to its underlying similarities to Bitcoin, Litecoin has historically been referred to as the "silver to Bitcoin's gold. |
Circulating Supply | 73,721,501 as of October 3, 2023 |
Max Supply | 84,000,000 |
Blockchain | Litecoin |
Year created | 2011 |
Coin Use Cases | Mostly still viewed as a Store of Value and peer to peer exchange currency (currently neck and neck with Bitcoin as the main payments option on the world’s largest crypto payments platform, Bitpay), Litecoin has also had strong interest recently in terms of ordinals and NFT’s, surpassing 7 million ordinals in total and NFT marketplace infrastructure built exclusively for Litecoin NFT’s.
Litecoin has also gained popularity with its addition of MWEB (MimbleWimble Extension Blocks) within the past 2 years, allowing for opt-in confidential wallets and transactions. |
Recent $LTC Developments
Mimbewimble Extension Blocks (MWEB) was integrated in 2021 as a block that is created and tied to each new block of Litecoin. Individual users can opt-in to the use of confidential transactions between users and wallet totals, allowing for stronger fungibility of Litecoin as a whole.
Learn more about Litecoin here.
