Home / Litecoin (EOS): price and rate, news and analytics

Litecoin (EOS): price and rate, news and analytics

Graphic of Bitcoin price. Dynamics of costs LTC online, history of values

Dynamic and history value of price LTC. Maximal value of price Litecoin was 46.77$ - 2021-01-18 01:00:12, Minimal price of LTCwas 46.64$ value and fixed at 2020-10-31 05:00:06. Today price of  Litecoin is : 159.03$.

Litecoin is the world’s leading digital means of payment (crypto currency) based on a decentralised booking system. Transfers are cryptographically legitimized and processed via a network of equivalent computers (peer-to-peer). In contrast to the traditional banking system, no central clearing of money movements is necessary. Proof of ownership of Bitcoin is stored in personal digital wallets. The price of a Bitcoin to the legal means of payment follows the principle of price formation on the stock exchange. It has the task of balancing supply and demand.

The Bitcoin payment system was invented by Satoshi Nakamoto, who appears under a pseudonym, according to his statements in 2007, who described it in a document in November 2008 and published an open source reference software in January 2009. The Bitcoin network is based on a decentralised database jointly managed by the participants, the blockchain, in which all transactions are recorded. Cryptographic techniques ensure that valid transactions with Bitcoins can only be made by the respective owner and that monetary units cannot be issued more than once.

The Bitcoin units are created by the solution of cryptographic tasks, the so-called mining.