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: 62,529,921 LTC   (Updated: 2019-07-03 22:39:08)
Market Cap: $4,599,151,087 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=142.93.229.149:61151
addnode=95.216.40.166:9333
addnode=185.161.209.132:9333
addnode=47.75.205.181:9333
addnode=136.243.146.69:9333
addnode=158.69.196.61:58591
addnode=104.236.57.24:45884
addnode=88.80.187.187:33614
addnode=188.166.12.12:9333
addnode=149.210.234.234:46113
addnode=144.76.222.140:39182
addnode=104.236.136.96:42581
addnode=51.144.233.176:9333
addnode=78.46.95.150:9333
addnode=18.179.223.85:9333
addnode=134.175.52.189:54618
addnode=23.92.25.116:46176
addnode=49.51.172.32:46904
addnode=18.204.210.221:57178
addnode=120.77.249.96:46594
addnode=188.131.162.86:36064
addnode=59.110.63.71:50152
addnode=47.90.4.203:38212
addnode=171.217.94.8:62059

altilly LTC (Litecoin) Balance SheetWhat is this?  

Last Updated: 2019-07-22 09:41:16 UTC
Liabilities
Customer Funds on Deposit 230.82308619 LTC
Customer Funds Pending Deposit 0.00000000 LTC
Customer Funds Pending Withdrawals 0.00000000 LTC
Total Liabilities 230.82308619 LTC
Assets
In Deposit Wallet 0.45455937 LTC
In Transit Dep-->WD Wallet 0.00000000 LTC
In Withdrawal Wallet 233.90137034 LTC
In Safe Storage (0.00%) 0.00000000 LTC
Total Assets 234.35592971 LTC
Balance 3.53284352 LTC (101.531%)

Liabilities Est. USD Value $16,977.32
Assets Est. USD Value $17,237.16
Balance Est. USD Value $259.84 (101.531%)



Litecoin (LTC) is trading in 9 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.