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GREAT NEWS: GOOGLE VALIDATES LITECOIN, BITCOIN, ETHEREUM!!! Currency Converter... Stellar Falling
GREAT NEWS: GOOGLE VALIDATES LITECOIN, BITCOIN, ETHEREUM!!! Currency Converter... Stellar Falling
Published: 2018/07/21
Channel: CryptoTV
Litecoin Price, LTC Giveaway, LED Winner
Litecoin Price, LTC Giveaway, LED Winner
Published: 2018/07/20
Channel: Crypto Capital Venture
MUST WATCH: Litecoin $45 Million Volume Injected Into Market!!! Double Bottom BREAKOUT!
MUST WATCH: Litecoin $45 Million Volume Injected Into Market!!! Double Bottom BREAKOUT!
Published: 2018/07/17
Channel: CryptoTV
LITECOIN PRICE - Why is LTC Going Down Again?
LITECOIN PRICE - Why is LTC Going Down Again?
Published: 2018/07/18
Channel: Crypto Capital Venture
Charlie Lee Litecoin Something Big Is Coming
Charlie Lee Litecoin Something Big Is Coming
Published: 2018/07/17
Channel: Bitcoin Money Maker
LITECOIN 1,000% MOVE TO COME? CRYPTO BULL MARKET!
LITECOIN 1,000% MOVE TO COME? CRYPTO BULL MARKET!
Published: 2018/06/27
Channel: Patrick Wieland
Is Litecoin $LTC Still Worth HODLing? (Litecoin Analysis 2018)
Is Litecoin $LTC Still Worth HODLing? (Litecoin Analysis 2018)
Published: 2018/07/09
Channel: Bitcoin for Beginners
BUY BITCOIN BEFORE LITECOIN SAYS LEE & PUMP vs GROWTH
BUY BITCOIN BEFORE LITECOIN SAYS LEE & PUMP vs GROWTH
Published: 2018/07/18
Channel: Crypto Spark
Litecoin
Litecoin's Charlie Lee takes shot at XLM! - China Ranks EOS 1st - Tron's Justin Sun wins!
Published: 2018/07/20
Channel: CryptoBitcoinChris
Litecoin Explained! WHY 2018 IS THE BEST YEAR FOR LTC!
Litecoin Explained! WHY 2018 IS THE BEST YEAR FOR LTC!
Published: 2018/07/18
Channel: Bitcoin Money Maker
Litecoin Breakout Almost Confirmed?
Litecoin Breakout Almost Confirmed?
Published: 2018/07/14
Channel: Crypto Capital Venture
Litecoin BUYING BANKS? Programmer explains.
Litecoin BUYING BANKS? Programmer explains.
Published: 2018/07/16
Channel: Ivan on Tech
AMAZING NEWS FOR LITECOIN! WHY IS THE PRICE NOT GOING UP! LET
AMAZING NEWS FOR LITECOIN! WHY IS THE PRICE NOT GOING UP! LET'S TALK ABOUT IT!
Published: 2018/07/11
Channel: Chris M
LITECOIN going to go CRAZY! 🚀🚀🚀
LITECOIN going to go CRAZY! 🚀🚀🚀
Published: 2018/07/01
Channel: CryptoJeremy
Litecoin - Long Term Bullish Trend 2.3-20k?
Litecoin - Long Term Bullish Trend 2.3-20k?
Published: 2018/04/07
Channel: Crypto Charts
MUST WATCH If You’re Down Money In Litecoin/Bitcoin. LTC value to 4 digits sooner than later.
MUST WATCH If You’re Down Money In Litecoin/Bitcoin. LTC value to 4 digits sooner than later.
Published: 2018/07/08
Channel: CryptoTV
Bitcoin & Litecoin Analysis - Will This Bullrun Continue?
Bitcoin & Litecoin Analysis - Will This Bullrun Continue?
Published: 2018/07/17
Channel: Crypto Capital Venture
Stellar Moons!!! Overtakes Litecoin... Should You Be Worried???
Stellar Moons!!! Overtakes Litecoin... Should You Be Worried???
Published: 2018/07/19
Channel: CryptoTV
Can Litecoin and DigiByte Coexist?
Can Litecoin and DigiByte Coexist?
Published: 2018/07/08
Channel: Tyler S
LITECOIN ON THE 4 HOUR AND 1 DAY CHART! HEALTHY PULLBACK TAKING PLACE  FOR NEXT RUN UP
LITECOIN ON THE 4 HOUR AND 1 DAY CHART! HEALTHY PULLBACK TAKING PLACE FOR NEXT RUN UP
Published: 2018/07/18
Channel: Chris M
Should I buy Litecoin? They BOUGHT A BANK! THIS MEAN BIG $$ IN THE FUTURE! Let me explain...
Should I buy Litecoin? They BOUGHT A BANK! THIS MEAN BIG $$ IN THE FUTURE! Let me explain...
Published: 2018/07/12
Channel: Steven Satoshi
Litecoin to $1000+ hidden timetable exposed
Litecoin to $1000+ hidden timetable exposed
Published: 2018/06/01
Channel: Marius Landman
Litecoin Foundation just made LTC the future of global transactions! 💥💥💥
Litecoin Foundation just made LTC the future of global transactions! 💥💥💥
Published: 2018/07/12
Channel: BITCOIN BEN
Litecoin News Update
Litecoin News Update
Published: 2018/07/10
Channel: Litecoin Foundation
Litecoin Foundation & TokenPay - A Twitter Love Relationship or Scam as Tone Vays say?
Litecoin Foundation & TokenPay - A Twitter Love Relationship or Scam as Tone Vays say?
Published: 2018/07/18
Channel: Decentralized TV
LITECOIN BREAKOUT AROUND THE CORNER!!! Coinbase To Add 5 New Altcoins!
LITECOIN BREAKOUT AROUND THE CORNER!!! Coinbase To Add 5 New Altcoins!
Published: 2018/07/16
Channel: CryptoTV
Bitcoin & Litecoin The Future Of Money?
Bitcoin & Litecoin The Future Of Money?
Published: 2018/07/18
Channel: Crypto Capital Venture
Charlie Lee Says Litecoin Price Will Rebound And Come Back Up Fairly Soon!!!!! (Vechain Analysis)
Charlie Lee Says Litecoin Price Will Rebound And Come Back Up Fairly Soon!!!!! (Vechain Analysis)
Published: 2018/06/22
Channel: CryptoTV
HUGE LITECOIN NEWS - Robinhood Crypto Adds LTC
HUGE LITECOIN NEWS - Robinhood Crypto Adds LTC
Published: 2018/07/12
Channel: Crypto Capital Venture
Charlie Lee Explains Litecoin Foundation and Token Pay Buying Bank
Charlie Lee Explains Litecoin Foundation and Token Pay Buying Bank
Published: 2018/07/17
Channel: Crypto Capital Venture
BITCOIN HUGE BULL SIGNAL | XLM Gaining 6th Spot, From Litecoin | Bitcoin | Mastercard
BITCOIN HUGE BULL SIGNAL | XLM Gaining 6th Spot, From Litecoin | Bitcoin | Mastercard
Published: 2018/07/18
Channel: Tyler S
Bitcoin / Litecoin THE MAY 2018 SURPRISE!  (Bo Polny)
Bitcoin / Litecoin THE MAY 2018 SURPRISE! (Bo Polny)
Published: 2018/04/13
Channel: Gold 2020 Forecast
Litecoin Price - What To Look For
Litecoin Price - What To Look For
Published: 2018/07/15
Channel: Crypto Capital Venture
Is Litecoin Undervalued? With Litecoin Price Predictions
Is Litecoin Undervalued? With Litecoin Price Predictions
Published: 2018/05/26
Channel: The Modern Investor
Litecoin Might Have 2 Ways of Reaching All Time High
Litecoin Might Have 2 Ways of Reaching All Time High's in 2018
Published: 2018/07/01
Channel: Tyler S
REALIST NEWS - Litecoin Foundation Acquires 10% Stake In "Very Conservative" German Bank
REALIST NEWS - Litecoin Foundation Acquires 10% Stake In "Very Conservative" German Bank
Published: 2018/07/12
Channel: jsnip4
BUY LITECOIN WHEN WE HIT THIS PRICE! LTC Victim Of Bearish Market (DGB Analysis)
BUY LITECOIN WHEN WE HIT THIS PRICE! LTC Victim Of Bearish Market (DGB Analysis)
Published: 2018/06/24
Channel: CryptoTV
GANHE ATÉ 1 LITECOIN POR DIA (R$640) (Ganhe bitcoins através de outras criptomoedas!) 06/03/2018
GANHE ATÉ 1 LITECOIN POR DIA (R$640) (Ganhe bitcoins através de outras criptomoedas!) 06/03/2018
Published: 2017/11/27
Channel: Catioro Loko
Bitcoin Ethereum Litecoin BNB Technical Analysis Chart 7/20/2018 by ChartGuys.com
Bitcoin Ethereum Litecoin BNB Technical Analysis Chart 7/20/2018 by ChartGuys.com
Published: 2018/07/20
Channel: TheChartGuys
Litecoin At Bottom - Or $55 LTC Soon?
Litecoin At Bottom - Or $55 LTC Soon?
Published: 2018/06/29
Channel: Crypto Capital Venture
TokenPay and the risks to Litecoin and Verge
TokenPay and the risks to Litecoin and Verge
Published: 2018/07/18
Channel: Double T Crypto
Litecoin - What Would You Do At A $50 LTC?
Litecoin - What Would You Do At A $50 LTC?
Published: 2018/06/22
Channel: Crypto Capital Venture
Litecoin!! The Perfect "Means of Exchange" Crypto!! (Bix Weir)
Litecoin!! The Perfect "Means of Exchange" Crypto!! (Bix Weir)
Published: 2018/07/11
Channel: RoadtoRoota
Litecoin Charts and LTC Predictions
Litecoin Charts and LTC Predictions
Published: 2018/06/30
Channel: Crypto Capital Venture
Litecoin Bullish Reverse Head And Shoulders?
Litecoin Bullish Reverse Head And Shoulders?
Published: 2018/07/02
Channel: Crypto Capital Venture
Bitcoin Ethereum Litecoin BCH Technical Analysis Chart 7/17/2018 by ChartGuys.com
Bitcoin Ethereum Litecoin BCH Technical Analysis Chart 7/17/2018 by ChartGuys.com
Published: 2018/07/17
Channel: TheChartGuys
Litecoin & Bitcoin Price Gaining Momentum! Things Are Looking Good!!
Litecoin & Bitcoin Price Gaining Momentum! Things Are Looking Good!!
Published: 2018/07/17
Channel: CryptoTV
Bitcoin e litecoin, ouro e prata?
Bitcoin e litecoin, ouro e prata?
Published: 2017/04/20
Channel: Fernando Ulrich
The Most Bullish News This Year? - Setting Up Mainstream Adoption - Litecoin & Tokenpay
The Most Bullish News This Year? - Setting Up Mainstream Adoption - Litecoin & Tokenpay
Published: 2018/07/16
Channel: SkrillaKing
Litecoin Price Prediction June 22 2018
Litecoin Price Prediction June 22 2018
Published: 2018/06/22
Channel: Crypto AMD
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WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
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Litecoin
6 Full Logo S-2.png
Official Litecoin logo
Denominations
Plural Litecoin
Symbol Ł
Ticker symbol LTC
Precision 10−8
Subunits
 ​11000 lites
 ​11000000 photons
 ​1100000000 litoshis
Development
Original author(s) Charlie Lee
Initial release 0.1.0 / 7 October 2011; 6 years ago (2011-10-07)
Latest release 0.16.0[1] / 31 May 2018; 51 days ago (2018-05-31)
Code repository github.com/litecoin-project/litecoin
Development status Active
Forked from Bitcoin
Written in C++
Operating system Windows, OS X, Linux, Android
Developer(s) Litecoin Core Development Team
Source model Open source
License MIT License
Website litecoin.org litecoin.com
Ledger
Timestamping scheme Proof-of-work
Hash function scrypt
Block reward 25 LTC (approximately till 2019), halved approximately every four years
Block time 2.5 minutes
Block explorer explorer.litecoin.net chainz.cryptoid.info
Circulating supply 56,851,198 LTC (6 June 2018)[2]
Supply limit 84,000,000 LTC[3]
Valuation
Market cap US$6.9 billion (9 March 2018)[3]

Litecoin (LTC or Ł[4]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[5] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[5][6] The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

History[edit]

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee.[7] The Litecoin network went live on October 13, 2011.[8] It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[9]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[10]

Litecoin reached a $1 billion market capitalization in November 2013.[11]

In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness.[12] Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second.[13]

Differences from Bitcoin[edit]

Litecoin is different in some ways from Bitcoin.

  • The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. The developers claim that this allows Litecoin to have faster transaction confirmation.[5][14]
  • Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.[15]

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[16]

See also[edit]

References[edit]

  1. ^ "Litecoin v0.16.0". litecoin.org. Retrieved 2018-07-12. 
  2. ^ "Cryptocurrency Market Capitalizations: Litecoin - CoinMarketCap". coinmarketcap.com. Retrieved 2018-06-06. 
  3. ^ a b "Cryptocurrency Market Capitalizations: Litecoin - CoinMarketCap". coinmarketcap.com. Retrieved 2018-03-09. 
  4. ^ "Litecoin charts". ltc-charts.com. Archived from the original on 2014-01-18. Retrieved 2014-01-19. 
  5. ^ a b c "Litecoin.org". litecoin.org. Retrieved 2014-01-19. 
  6. ^ Satoshi, Nakamoto. "Bitcoin: A Peer-to-Peer Electronic Cash System" (PDF). Bitcoin.org. Retrieved 24 April 2013. 
  7. ^ "Ex-Googler Gives the World a Better Bitcoin". WIRED. Retrieved 2017-10-25. 
  8. ^ "When should Litecoin be launched?". bitcointalk.org. 
  9. ^ "Block hashing algorithm". 
  10. ^ Charlton, Alistair (2013-11-28). "Litecoin value leaps 100% in a day as market cap passes $1bn". International Business Times, UK Edition. Retrieved 2013-12-16. 
  11. ^ Cohen, Reuven (2013-11-28). "Crypto-currency bubble continues: Litecoin surpasses billion dollar market capitalization". Forbes. Retrieved 2014-01-19. 
  12. ^ Blockstream [@Blockstream] (10 May 2017). "Blockstream's Christian Decker @Snyke completes first Lightning network payment on Litecoin. See. Blog post soon!" (Tweet) – via Twitter. 
  13. ^ Russell, Rusty. "Lightning on Litecoin". Blockstream. Retrieved 12 May 2017. 
  14. ^ Steadman, Ian (2013-05-11). "Wary of Bitcoin? A guide to some other cryptocurrencies". Ars Technica. Retrieved 2014-01-19. 
  15. ^ Percival, Colin. "Stronger key derivation via sequential memory-hard functions" (PDF). Self-published. Retrieved 2013-04-24. 
  16. ^ Coventry, Alex (2012-04-25). "Nooshare: A decentralized ledger of shared computational resources" (PDF). Self-published. Retrieved 2012-09-21. These hash functions can be tuned to require rapid access a very large memory space, making them particularly hard to optimize to specialized massively parallel hardware. 

External links[edit]

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