Litecoin (LTC)

INFO DETAILS
Created Oct 2011
Coin Proof Proof of Work
Algorithm Scrypt
Supply 84,000,000

Litecoin Info

The Litecoin Project was conceived and created by Charles Lee with support of members in the Bitcoin community. It was pre-announced and was launched on October 13th, 2011.

Based on Bitcoin’s peer-to-peer protocol, Litecoin brings a number of features viewed by its development team as improvements over Bitcoin’s implementation.

The main feature is use of Scrypt as its proof-of-work algorithm. A proof-of-work algorithm creates a computational challenge to be solved by the network of computers in order to “certify” a “block” of transactions.

Scrypt was developed in 2009 by Colin Percival of Tarsnap Inc., and –in contrast with Bitcoin’s SHA-256d– serves to inhibit hardware scalability by requiring a significant amount of memory when performing its calculations. - source



Latest Tweets

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Litecoin Project
@LitecoinProject

Litecoin Core v0.14.2 released! This is an important update, all users are advised to upgrade t.co/WzW1mzSlS6

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Litecoin Project
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SegWit & CSV activation imminent. All users, especially miners and exchanges are advised to upgrade to 0.13.2 ASAP! t.co/rTAM2atpFh

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Litecoin Project
@LitecoinProject

SegWit has activated on testnet! If you mine on testnet and haven't upgraded, please do so ASAP! Release info here: t.co/I5GWPmSWTZ

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Litecoin Project
@LitecoinProject

Litecoin Core v0.13.2 released! This is an important update, all users, especially miners are advised to upgrade t.co/md8MTsX2cm

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