Litecoin
Litecoin is a peer-to-peer cryptocurrency designed for fast, low-cost transactions, often referred to as the silver to Bitcoin’s gold. It features faster block times and a supply cap of 84 million coins. LTC is widely accepted and has been around since 2011, making it one of the longest-standing altcoins. It’s often used as a testbed for Bitcoin innovations.
| Litecoin | |
|---|---|
| Available on Coinbase (2024)? | Yes |
| Creator(s) | Charlie Lee |
| Start year | 2011 |
| Decentralized score (out of 5) | 5/5: Fully Decentralized |
| Influences or central authority | None |
| Can be mined? | Yes |
| New issuance method | Proof of Work (PoW) |
| Maximum supply (in millions) | 84 |
| Percentage already issued (2024) | 88% |
| Key functions (other than transactions) | none |
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