Litecoin(LTC)
History

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.


characteristics
  • Algorithm: Scrypt
  • Block Time: 2.5min
  • Max Supply: 84M LTC
  • Block Reward(First Block): 50 LTC
  • Block Reward(Current): 6.25 LTC
  • Halving Schedule: Every 840K blocks
  • Difficulty Adjustment: Every 2016 blocks

Preferred Mining Hardware: ASICs

Preferred Mining Software: Visit Mining Softwares Page.

Pool Explorer: MiningPoolStats


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