What is Litecoin?

"Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities.

Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin."

- Litecoin.org
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General

TICKER SYMBOLS
LTC
AGE
8 years old (October 07, 2011)
CURRENT PRICE
$110
Updated 5 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$356
Last year
CIRCULATING SUPPLY
61,948,776 coins
Updated 4 minutes ago via coinmarketcap.com
MARKET CAP
$6,814,803,240
Updated 3 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (84,000,000 coins)
PRE-MINED / RESERVED
Yes (150 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
2m 30s
CURRENT BLOCK REWARD
25 coins
HASHING ALGORITHM
Scrypt
DIFFICULTY ADJUSTMENT
Every 2,016 blocks (~4 days)
1
litecoin (LTC)
0.001
millicoin (mLTC)
0.000001
microcoin (µLTC)
1E-8
litoshi