Litecoin(LTC) explanation in short words

Hello my friends how are you all? Today i am going to explain all about litecoin in this short blog.

litecoin created in 2011 by charli lee.The LTC coin is th fork of bitcoin codebase, At this time 56 million ltc coins in market.

LTC is a famous crypto currency. after launched in two years his capitalization was reached to 1 Billion dollars.

This is 6th largest crypto currency in the world.

Here are a few reasons why cryptocurrency investors like Litecoin (LTC): 

Speed. Litecoin transactions are faster because of its block time difference of 2.5 minutes as opposed to BTC’s every 10 minutes. 

Mining. Proponents of Litecoin like the mining distribution method for LTC’s scrypt mining which is believed to be a fairer model.

Digital Scarcity and Liquidity. Litecoin has a lot more coins than BTC and in the end, miners will produce 84Mn LTC. This adds both digital scarcity to these tokens while increasing market liquidity.

Experimentation. LTC developers have added Segregated Witness and processed Lightning Transactions well before BTC. This being said LTC proponents believe the development team is more willing to test and trial new code.

LTC Price Today

$54.67

Market Cap

$3,470,563,021

24 Hour Trading Vol

$2,083,825,822

Circulating Supply 

63,489,391

4 Comments on “Litecoin(LTC) explanation in short words”

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