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Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.

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Powered by Crytptocurrency All-in-One Data by CryptoCompare API

Algorithm Scrypt
Max Supply 84,000,000
Start Date 13/10/2011

Litecoin (LTC) Info
Litecoin LTC – provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have – which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones – however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

Tech

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

✘ Faster transaction confirmations (2.5 minutes on average)
✘ Scrypt-based mining proof-of-work algorithm
✘ 84 million litecoins
✘ Higher transaction volume than Bitcoin
✘ MIT/X11 license

Litecoin #LTC Links

Litecoin Official Site
Litecoin on Bitcointalk Forum
Litecoin GitHub
Twitter @litecoin
Wiki
Forum
Reddit r/litecoin
Wikipedia
Litecoin Website