Litecoin (LTC)

Information about the coin Litecoin (Ticker Code: LTC)

Asset Information

Asset Name: Litecoin
Trade Ticker: LTC
Logo Icon:
Asset Type: Coin
Total Supply: 84,000,000 LTC
Circulation: 63,286,971 LTC   (Updated: 2019-09-15 22:24:28)
Market Cap: $5,979,683,640 USD
Premine: No
Proof Type: POW
Algorithm: Scrypt
Categories: Cryptocurrency
Social Contacts: Twitter   Telegram   Reddit  
Website: https://litecoin.org/
Explorer: https://live.blockcypher.com/ltc/
Sourcecode: https://github.com/litecoin-project/litecoin
Announcement: https://bitcointalk.org/index.php?topic=47417.0
CoinMarketCap: https://coinmarketcap.com/currencies/litecoin/
Coingecko: https://www.coingecko.com/en/coins/litecoin
Cryptoslate: https://cryptoslate.com/coins/litecoin/
Average Price:
Addnodes:
addnode=52.9.94.150:9333
addnode=173.212.199.246:9333
addnode=79.137.69.175:9333
addnode=148.251.69.164:9333
addnode=5.9.55.55:9333
addnode=178.128.39.23:9333
addnode=23.92.25.116:48356
addnode=144.76.222.140:39944
addnode=142.93.229.149:60995
addnode=170.106.36.158:41120
addnode=144.76.119.226:9333
addnode=158.69.196.61:54684
addnode=104.236.57.24:57522
addnode=52.169.89.186:9333
addnode=104.236.136.96:42455
addnode=88.80.187.187:53958
addnode=149.210.234.234:37540
addnode=134.175.52.189:55722
addnode=18.204.210.221:35660
addnode=83.80.200.206:60780
addnode=59.110.63.71:54038
addnode=120.77.249.96:47636
addnode=47.90.4.203:41999
addnode=54.175.116.10:59810
addnode=47.89.189.197:58442

altilly LTC (Litecoin) Balance SheetWhat is this?  

Last Updated: 2019-09-16 00:13:33 UTC
Liabilities
Customer Funds on Deposit 250.97157371 LTC
Customer Funds Pending Deposit 0.00000000 LTC
Customer Funds Pending Withdrawals 0.00000000 LTC
Total Liabilities 250.97157371 LTC
Assets
In Deposit Wallets 0.09933068 LTC
In Transit Dep-->WD Wallet 0.00000000 LTC
In Withdrawal Wallets 251.90880987 LTC
In Safe Storage (0.00%) 0.00000000 LTC
Total Assets 252.00814055 LTC
Balance 1.03656684 LTC (100.413%)

Liabilities Est. USD Value $17,621.46
Assets Est. USD Value $17,694.24
Balance Est. USD Value $72.78 (100.413%)



Litecoin (LTC) is trading in 7 markets at altilly.

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.

Why Litecoin?
Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or "altcoin" has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin"s 10 minutes.

"While this matters little to traders, miners who use hardware to run Bitcoin"s network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting," Investopedia explained.

As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. According to Coindesk, Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin"s blocks would be larger, but with more "orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.

Litecoin Technical Details:
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.

Litecoin, an altcoin of the better known cryptocurrency Bitcoin, has soared to the record high of $290.99, a YTD increase of more than 4,000%, as listed on CoinMarketCap. Many are asking why the price of digital currencies has and is rising, whether Litecoin"s recent price increase is because of Bitcoin and if this bubble will burst.