Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011 as a "lighter" version of Bitcoin. It was designed to provide faster transaction times and lower fees while maintaining the core principles of decentralization and security. Buying LTC on LiteWallet is easy and secure. Sign up for an account, verify your identity, deposit funds, and begin trading. Check out our guide on How to Buy Litecoin (LTC).

Litecoin (LTC) is a decentralized digital currency that enables instant, near-zero cost payments to anyone in the world. Built on the Bitcoin protocol, Litecoin was designed to be a more efficient and faster alternative. It uses a proof-of-work consensus algorithm and a different hashing algorithm, Scrypt, which allows for quicker block generation and confirmation times compared to Bitcoin.

Litecoin (LTC) was created by Charlie Lee, a former Google engineer, in October 2011. Lee's vision was to create a cryptocurrency that complements Bitcoin by offering faster transaction times and a more efficient mining process. Since its launch, Litecoin has grown in popularity and adoption, becoming one of the most widely used cryptocurrencies for everyday transactions and payments.

The history of Litecoin (LTC) began with its launch in October 2011. As one of the earliest altcoins, Litecoin was created to address some of Bitcoin's perceived limitations, such as slow transaction speeds and high fees. Over the years, Litecoin has implemented several upgrades, including Segregated Witness (SegWit) and the Lightning Network, enhancing its scalability and transaction throughput.

Litecoin (LTC) operates on a decentralized blockchain that records all transactions on a public ledger. It uses a proof-of-work consensus mechanism with the Scrypt hashing algorithm, which is less resource-intensive compared to Bitcoin's SHA-256. This allows for faster block generation times (2.5 minutes per block) and efficient transaction processing, making Litecoin suitable for everyday use.

The tokenomics of Litecoin (LTC) are designed to provide a stable and secure cryptocurrency with a fixed supply. Litecoin has a maximum supply of 84 million coins, four times that of Bitcoin. LTC's issuance rate decreases over time through a halving event that occurs approximately every four years, reducing the reward for mining new blocks and ensuring controlled inflation.

Litecoin (LTC) has a maximum supply of 84 million coins. As of now, over 74 million LTC are in circulation, with the remaining coins to be mined gradually until the maximum supply is reached. The controlled release and fixed supply contribute to Litecoin's value stability, making it a reliable medium of exchange and store of value in the cryptocurrency market.

Litecoin (LTC) is a pioneer in the cryptocurrency space, offering faster transaction times and lower fees compared to Bitcoin. Its robust blockchain technology, active development community, and widespread adoption make it a popular choice for peer-to-peer transactions and everyday payments. With its deflationary supply model and continuous innovation, Litecoin remains a key player in the digital currency landscape.