What is Litecoin (LTC)

Learned by 10.3k usersPublished on 2024.03.29Last updated on 2025.01.26

74.78

-0.16%

  • 最新价格74.78
  • 交易额(24h)12.32M
  • 历史最高410.26
  • 发行总量76.74M
  • 总市值5.73B
  • 排名32
  • 流通市值5.73B
  • 历史最低1.15
  • 流通总量76.74M

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What is Litecoin?
Developed in 2011 as a fork of the Bitcoin network, Litecoin (LTC) aimed to improve upon Bitcoin's shortcomings.  It was the first altcoin, and its goal was to offer a decentralized peer-to-peer (P2P) currency with faster transaction processing times and lower fees than Bitcoin.


Built with payments in mind, Litecoin outperforms Bitcoin in terms of transaction and confirmation speed.  While Bitcoin can process approximately five transactions per second, Litecoin has a capacity of 56 transactions per second.  The network's confirmation time is also significantly shorter, taking approximately two minutes and 20 seconds compared to Bitcoin's nearly 10 minutes per block.

Even after over a decade, Litecoin remains committed to offering users low-cost, private, secure, and borderless payment solutions.  Its vision is to enable individuals to make payments anywhere in the world at any time, making it a practical and accessible digital currency for everyday transactions.  Litecoin's adoption as a payment method has grown over the years, widely accepted by various merchants and organizations, including the American Red Cross, Newegg, and Twitch.


Wallet Encryption


Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.


This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

Mining Reward


Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).


The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.



Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.

  

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How to Buy LTC

Welcome to HTX.com! We've made purchasing Litecoin (LTC) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Litecoin (LTC) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Litecoin (LTC)After purchasing your Litecoin (LTC), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Litecoin (LTC)Easily trade Litecoin (LTC) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

4.9k Total ViewsPublished 2024.03.29Updated 2025.03.21

How to Buy LTC

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