Litecoin
Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011. In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase. The practical effects of those codebase differences are lower transaction fees, faster transaction confirmations, and faster mining difficulty retargeting. Due to its underlying similarities to Bitcoin, Litecoin has historically been referred to as the "silver to Bitcoin's gold." In 2022, Litecoin added optional privacy features via soft fork through the MWEB (MimbleWimble extension block) upgrade.
Official Litecoin logo | |
| Denominations | |
|---|---|
| Plural | Litecoins |
| Symbol | Ł |
| Code | LTC |
| Precision | 10−8 |
| Subunits | |
| 1⁄1000 | lites, millilitecoin, mŁ |
| 1⁄1000000 | microlitecoins, photons, μŁ |
| 1⁄100000000 | litoshis |
| Development | |
| Original author(s) | Charlie Lee |
| Initial release | 0.1.0 / 7 October 2011 |
| Latest release | 0.21.2.1 / 7 June 2022 |
| Code repository | github |
| Development status | Active |
| Project fork of | Bitcoin |
| Written in | C++ |
| Operating system | Windows, OS X, Linux, Android |
| Developer(s) | Litecoin Core Development Team |
| Source model | Open source |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof-of-work |
| Hash function | scrypt |
| Block reward | Ł6.25 (as of August, 2 2023), (halved approximately every four years) |
| Block time | 2.5 minutes |
| Circulating supply | Ł73,342,352 (12 July 2023) |
| Supply limit | Ł84,000,000 |
| Valuation | |
| Exchange rate | US$105 (July 2023) |
| Administration | |
| Issuing authority | decentralized, block reward |
| Website | |
| Website | Official website |
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