On average, new blocks on the Litecoin network are generated every 2.5 minutes, which is four times faster than Bitcoin , where blocks are mined approximately every 10 minutes. Consequently, Litecoin’s transaction throughput is also roughly four times faster than Bitcoin’s.
Read moreWhich crypto is most secure?
Bitcoin is one of the most secure cryptocurrencies, with a hash rate that climbed to an all-time high in January 2022. But transactions made on the Bitcoin blockchain are transparent and can be seen by anyone using widely-available blockchain explorer websites.
Read moreIs LTC a blockchain?
Litecoin involves the creation and transfer of digital coins via an open source, cryptographic protocol. It uses blockchain technology to record a decentralised, public ledger of all transactions.
Read moreWhat is LTC crypto used for?
Litecoin is a cryptocurrency that was founded in 2011, two years after Bitcoin, by a former Google engineer named Charlie Lee. Litecoin can be used as an avenue for paying people anywhere in the world without an intermediary having to process the transaction .
Read moreWho owns Litecoins?
LitecoinOriginal author(s)Charlie LeeInitial release0.1.0 / 7 October 2011Latest release0.18.1 / 11 June 2020Code repositorygithub.com/litecoin-project/litecoinLitecoin – Wikipedia en.wikipedia.org › wiki › Litecoin
Read moreWho created Litecoin?
Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles “Charlie” Lee , a former Google engineer. Litecoin was adapted from Bitcoin’s open-source code but with several modifications.
Read moreIs Litecoin based on Bitcoin?
Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It shares many similarities with bitcoin and is based on bitcoin’s original source code .
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