Litecoin (LTC or Ł[1]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[2]Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[2][3]While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network.[4]These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin.[5]Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.[6]Contents 1 2 3 4 5 6 Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee.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.[7]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[8]Litecoin reached a $1 billion marketcap in November 2013.[9]As of May 9, 2017, its market capitalization is US$1,542,657,077 at around $30 per coin.[10][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 Zurich to San Francisco in under one second.[13]Litecoin version 0.8.5.1 was released in November 2013.The release included fixes for vulnerabilities and added enhanced security to the Litecoin network.The Litecoin developer team released version 0.8.6.1 in early December 2013.The new version offered a 20x reduction in transaction fees, along with other security and performance improvements in the client and network.The source code and binaries were released early to people in the "#litecoin" IRC channel, on the official Litecoin forums, and on Reddit, with information for power users to add a Litecoin supernode to the configuration file, while the main site was to be updated after enough of the network was running the new version.

This release method was used to ensure that the low fee transactions from version 0.8.6.1 clients would not be delayed by clients running older versions.In April 2014, a new version of Litecoin was released, version 0.8.7.1, which fixed some minor issues along with an important fix related to the Heartbleed security bug.Litecoin offers three key differences from Bitcoin.The original intended purpose of using Scrypt was to allow miners to mine both Bitcoin and Litecoin at the same time.The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners.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]This is widely due to the Scrypt hashing scheme being more memory intensive; increasing memory requirements for ASICs and FPGAs.^ ^ a b c ^ ^ ^ ^ ^ ^ ^ ^ /currencies/litecoin/ ^ ^ /Blockstream/status/862420329888595969 ^ ^ ^ ^ Cryptography portal Economics portal Free software portal Internet portal Numismatics portal

LTC/USD - Litecoin / US Dollar alltime charts and orderbook from BTC-e Last Price: 44.517371 USD Last Price on best market: 44.786566 USD Profit / Loss 24h: -1.02 % Volume 24h: 1,105.574 BTC Volume 24h on all markets: 3,625.620 BTC Period chart Hide price spikes: - 0 + Area Chart Candlestick Chart Median PriceVolumeEMA20 Chart Options: BTC-e Bitfinex hitbtc OKCoin Kraken Livecoin YoBit C-Cex Bitkonan Allcoin CCEDK EXMO The Rock Trading Cryptonit Coinbase Indacoin UseCryptos emeBTC Prelude Bitport Crypto-Trade LiteTree CEX.IO upBit Bter Cryptsy Bitok Comkort Vircurex All time 1 year YTD (Year to date) 6 months 3 months 1 month 10 days 5 days 2 days today Orderbook Impress / Contact / Disclaimer - API Status - BitcoinTalk Thread - LitecoinTalk Thread Feedback Give me your ideas!pay bitcoin ransom

Do you have any feedback or suggestions for improving the website and the usability?Please write me an email to office@cryptocoincharts.infoIt's not just the price of bitcoin that's gone through the roof this week, the price of another cryptocurrency – litecoin – has rocketed too., which is based on data from the exchange BTC-e.Since then, the price has dipped to a still-respectable $42.7 which, for reference, is what 0.04 BTC would cost you at the moment, according to the CoinDesk BPI.bitcoin report goldman sachsThere are currently just over 23,424,790 litecoins in circulation, so the recent price increase has brought the market cap of litecoins to over $1bn.cobrar bitcoins argentinaLitecoin was created by Charles Lee, brother of BTC China's CEO Bobby Lee, as an alternative to bitcoin.litecoin logo png

It's based on the Bitcoin protocol, but it differs in that it can still be efficiently mined using consumer-grade hardware.Bitcoins, however, are now largely mined by ASIC machines that have been purpose built to do just that.That's not to say that such machines won't be created to do the same for litecoin.In fact, Lee thinks there's a strong possibility of this happening."Currently, some think that Litecoin is more fair because there’s no Litecoin ASIC but it may just be a matter of time,” he told CoinDesk in an earlier interview.bitcoin bezahlen berlinAnother positive feature about litecoin is that transactions are confirmed faster than they are with bitcoin (around 2.5mins compared with around 8mins).my bitcoin saverMembers of reddit's litecoin forum have been discussing why they think the price of litecoin has increased so dramatically over the past few days.myry bitcoin

One forum member believes the sudden interest in litecoin was caused by a tweet by political pundit and financial broadcaster Max Keiser, speculating that the price of the digital currency would increase to $50.Litecoin ($12) is up more than 100% since we recommended it last week.We are sticking to our $50 interim target.— Max Keiser (@maxkeiser) November 25, 2013 Others believe the spike was caused by low exchange rates between bitcoin and litecoin, so people have been using their BTC riches to buy cheap LTC.instant bitcoin cashoutAnother argument is that people feel they have somewhat missed the boat when it comes to bitcoin.buy bitcoin halifaxThey saw people become millionaires on the few dollars they spent on BTC, so they've now invested in LTC just in case history repeats itself.Regardless of the cause, litecoin's price increase is impressive, and Lee hopes this will continue.