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LTC
Exchange
USD
Market Capitalization
$3,820,862,375
24h Low / 24h High
$68.16095 / $72.70400
24h Trading Volume
$191,997,263
Complete Metrics Score
Total73%
Major Exchanges Trading Activity
Liquidity79%
Source Code Repository Activity
Developer74%
Social Media & Discussion Board
Community69%
Market Capitalization $3,820,862,375
24h Low / 24h High $68.16095 / $72.70400
24h Trading Volume $191,997,263
Complete Metrics Score
Total73%
Major Exchanges Trading Activity
Liquidity79%
Source Code Repository Activity
Developer74%
Social Media & Discussion Board
Community69%
LTC
Exchange
USD

Litecoin (Overview)

About

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.

Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

Genesis Date October 08, 2011 (about 6 years)
Hashing Algorithm

Scrypt

Hashrate
Block Time

2.5 Minute

Blockchain/Supply

https://litecointalk.org/

Available/Total Supply

53.9 Million / 84 Million