Litecoin (LTC)
A fast and lightweight cryptocurrency designed for everyday payments.
About Litecoin
Litecoin(LTC) was created in 2011 with the goal of improving transaction speed compared to Bitcoin. It achieves this by reducing the block time to 2.5 minutes and adopting the Scrypt algorithm, which was originally designed to be more resistant to ASIC mining.
Key Characteristics
- Algorithm: Scrypt
- Block Time: 2.5 minutes
- Max Supply: 84 million LTC
- Block Reward (First Block): 50 LTC
- Block Reward (Current): 6.25 LTC
- Halving Schedule: Every 840,000 blocks
- Difficulty Adjustment: Every 2,016 blocks
- Preferred Mining Hardware: ASICs
- Preferred Mining Software: Visit Mining Softwares page for details
- Pool Explorer: MiningPoolStats
Useful Links
Important Documents
Quick Facts
Created: 2011
Creator: Charlie Lee
Max Supply: 84M
Block Time: 2.5min