Litecoin

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Litecoin
6 Full Logo S-2.png
LTC
Information
Purpose Currency
Tech POW, Scrypt hashing algorithm
Supply 54,657,558 LTC/84,000,000 LTC
Price $25.744961003 USD (daily update)
Whitepaper Not available.

Litecoin, which was inspired by and is nearly identical to Bitcoin, released on October 13 2011.[1]

Pros

  • Processes blocks every 2.5 minutes, opposed to Bitcoin's 10 minutes. Developers claim this allows Litecoin to have faster transactions.
  • Has all the features of Bitcoin but with improvements.
  • Name recognition.

Cons

  • Litecoin is a modified version based on Bitcoin. It does not introduce new ideas like other altcoins, which means that the market could be harmed if people do not find use in it.

History

Developers

Some notable Ripple employees include:

Name Role Previous experience
Charlie Lee Creator ex-Director of engineering at Coinbase, software engineer at Google. MIT graduate.
Xinxi Wang Board of Directors Founder of COINUT, WorkForBitcoin. PhD in Computer science from National University of Singapore.

Technology

Partnerships/Developments

Upcoming events

Scandals

External links