CCFocus -- Litecoin []

in #cryptocurrency7 years ago

CCFocus -- Litecoin(LTC)(Ł)


In this article, I'll try to broadly explain the concept of the Litecoin cryptocurrency and give some informations related to it.
I apologize for my english faults, I did and I will do my best to reduce it.

// The original article in french: here //


Litecoin, "the digital silver" by analogy to bitcoin considered as the "digital gold", is a bitcoin fork created by Charlie Lee in 2011, which is making this currency one of the oldest since the market apparition. It wants to be more flexible and **more adapted than bitcoin to daily usage due to the swiftness of the confirmation of transactions and the minimal fees which are linked with.

Mining:

  • "mineable" coin number planned : 84 millions,
  • Hash algorithm : Scrypt (thought to be calculated by any type of hardware, however forcing on the RAM, but initally chose to avoid the usage of dedicated machines like asics),
  • Average duration of a block discover : 2min30s,
  • Earning by block: 25LTC (december 2017), divided by two every four year (same working as bitcoin),
  • Difficulty adjustment : increase at the end of each 2016 block discovered.

Exchanges:

fiats > LTC :

LTC > crypto (and vice versa):

Official list of exchanges: https://litecoin.com/services#exchanges

Spending: Merchants

Wallets :


Desktop:

  • Litecoin-core (cross-platform, need the wholeness Litecoin blockchain download)
  • Exodus (cross-platform)

Android:

IOS:

Hardware:

Paper wallet

Official list of exchanges:
- https://litecoin.com/services#wallets
- https://litecoin.com/#wallets

Chain explorers:

Official list of chain explorers: https://litecoin.com/services#block_explorers

News:

Communication/support:

official list of news sites: https://litecoin.com/services#industry_news

ATM map: CoinATMradar

Project source code: https://github.com/litecoin-project/litecoin

Sources:

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