Litecoin

Litecoin is a peer-to-peer decentralized digital currency (cryptocurrency) which can be used to make quick transactions worldwide, with almost no fees. Litecoin is one of the most established and stable cryptocurrencies in terms of transaction volumes and liquidity, and is commonly used as a means of exchange. Yes, it's real currency!‍ Litecoin cryptocurrencies Currently, 327.79M of LTC were traded within 24 hours of time. In other words, 327.79M have changed hands within the past 24 hours through trading. That's a change of 1.88%.

Creator of Litecoin & Managing Director, Litecoin Foundation Topics in article You can use this Litecoin calculator USD to determine potential profit based on hash rate, power parameters, network difficulty, and the price of Litecoin. Solo miners keep the entire mining rewards plus fees, while mining pools use two types of reward systems:

There are 14,400 Litecoins mined every day. This mining schedule equates to every 2.5 minutes, a LTC block is mined. The node that adds the next block of transactions to the blockchain receives a reward of 25 newly generated Litecoins. Similar to Bitcoin's strategy, mining rewards half over time. In October 2015, Litecoin rewards were halved. Notably, the halving will continue at regular intervals until the 84,000,000th Litecoin is mined. What is Litecoin? To check Litecoin price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Litecoin currency page. Alternatively, use the dedicated exchange rate converter page. Popular Litecoin price pairs include: LTC/USD, LTC/GBP, LTC/KRW and LTC/EUR.

This model of dedicating computing power toward maintaining a blockchain and creating a new cryptocurrency is called proof-of-work, or PoW. Related Lists Consensus Mechanism : Proof of Work