Dynamic and history value of price LTC. Maximal value of price Litecoin was 64.96$ - 2020-08-02 04:00:21, Minimal price of LTC was 40.07$ value and fixed at 2020-05-13 23:00:10. Today price of Litecoin is : 54.12$
Litecoin (abbreviation: LTC, currency symbol: Ł) is an online currency based on «peer-to-peer» technology. It is also an open source software project under the MIT / X11 license. It can help users make instant payments to anyone in the world. Litecoin is inspired by Bitcoin (BTC) and has the same technical implementation principles. The creation and transfer of Litecoin is based on an open source encryption protocol and is not managed by any central authority. Litecoin aims to improve Bitcoin, compared to Litecoin with three significant differences. First, the Litecoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the Litecoin network is expected to produce 84 million Litecoins, which is four times the amount of money issued by the Bitcoin network. Third, Litecoin uses the scrypt encryption algorithm first proposed by Colin Percival in its proof-of-work algorithm, which makes it easier to mine Litecoin on ordinary computers compared to Bitcoin. Each Litecoin is divided into 100,000,000 smaller units, defined by eight decimal places. aim of design It is based on the Bitcoin protocol, but is different from Bitcoin in that it can be efficiently «mined» with consumer-grade hardware even at this stage. Litecoin provides you with faster transaction confirmation (average 2.5 minutes). It uses hard memory and scrypt (a cryptographic algorithm) -based mining workload proof-of-work algorithm. It is aimed at ordinary computers and graphics processors (GPUs) used by most people. ). The Litecoin network is expected to produce 84 million currency units. One of Litecoin’s design goals is to provide a mining algorithm that enables it to be run simultaneously on machines that mine Bitcoin. With the rise of application-specific integrated circuits (ASICs) designed to mine bitcoin, Litecoin has followed the technological evolution. But before Litecoin currency is widely used, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for Litecoin.