Facts about LiteCoin [LTC] you shoud know

in cryptocurrency •  2 years ago

LiteCoin LTC (c) favorite-casino.com

Mineable Currency with own Blockchain


Currency Code: LTC
Max Supply: 84 mln. LTC
Algorithm: scrypt
Konsensus: Proof of Work
Genesis Block: 12 Oct 2011
Block Time: 2.5 Minutes
Block Size: 1 MB
Percentage of total Litecoins mined: 62.53%
Litecoin inflation rate per annum: 10.52%
Litecoin inflation rate per annum at next block halving event: 4.09%
Website: https://litecoin.com/

Block Mining Rewards:

Unique Selling Point


• Bitcoin is Gold, Litecoin is Silver and 4 times faster
• Successful copy of 2016's Bitcoin with some changes (easier to mine by PC)

Data of 2017-08-19


• Market Cap: 571,448 BTC / $2,329,765,086
• Volume (24h) 39,093 BTC / $159,378,000
• Circulating Supply 52,526,132 LTC
https://coinmarketcap.com/currencies/litecoin/
https://www.cryptocompare.com/coins/ltc/analysis/EUR

Litecoin Foundation


Executive Team:
• Charlie Lee - Managing Director
• Xinxi Wang - Director
• Franklyn Richards - Director

Developers:
• coblee (Charlie Lee)
• electo (Faisal Mehmood)
• fancycedar (Fan Yang)
• jl2012 (Johnson Lau)
• losh11 (Loshan T)
• mlpfrank (Franklyn Richards)
• pooler
• rjmacarthy (Richard Macarthy)
• shaolinfry
• thrasher- (Adrian Gallagher)
• ultragtx (Xinrong Guo)
• void-main (Peng Sun)
• wangxinxi (Xinxi Wang)
• wtogami (Warren Togami)

Litecoin Foundation (Separate but works closely and funds Core Team):
• Shaolinfry (Username) - Full Time
• Adrian Gallagher - Full Time
• Loshan T - Part Time
• Fan Yang - Part Time

Year Founded: Oct 2011 (Released on GitHub)
Country: Litcoin Foundation registered in Singapore
https://litecoin-foundation.org/

Mining


• Mining pool comparison: https://litecoin.info/Mining_pool_comparison
• Current + All-Time Top Hashers, Pool + Networks Stats by LiteCoin Pool: https://www.litecoinpool.org/stats
• ViaBTC Pool Stats: https://pool.viabtc.com/pool/ltc/state/
• Pools for cryptocurrency mining Litecoin (LTC): https://bitmakler.net/mining_Litecoin-LTC__pools
• ViaBTC Mining Calculator for BTC/BCH/LTC: https://pool.viabtc.com/tools/BCC/calculator/

Topical Statistics


• Trading Volume by Currency, Exchange, Month: https://www.cryptocompare.com/coins/ltc/analysis/EUR
• Block Size historical chart: https://bitinfocharts.com/comparison/litecoin-size.html

Additional Information


• Wiki: http://litecoin.info
• Forum: http://forum.litecoin.net/
• Source: https://github.com/litecoin-project/litecoin
• Talk: https://litecointalk.io/
• LiteCoin Explorer: https://live.blockcypher.com/ltc/

Sources


Many Thanks to @gspeagle for https://steemit.com/blockchain/@gspeagle/top-30-cryptocurrencies-names-of-executives-and-developers-and-location-of-servers-and-country-of-origin

https://litecoin.com/
https://litecoincore.org/
https://litecoin-foundation.org/
https://bitcointalk.org/index.php?topic=47417.0

For more Information


• Feel free following me @bitcoin-123 and/or send helpfull comments
• Facts about Bitcoin [BTC] you should know: https://steemit.com/bitcoin/@bitcoin-123/facts-about-bitcoin-btc
• and take a look to a list of my crypto related articles on SteemIt: http://123-bitcoin.de/krypto.html

Thanks for reading/upvoting ...

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Good points in this post. I was about to post a similair post. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. We do need more indept investment analysis. I really advice people to take a look at: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. See: https://www.coincheckup.com/coins/Litecoin#analysis For a complete Litecoin Detailed report