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 Official Litecoin logo | |
| Denominations | |
|---|---|
| Plural | Litecoins |
| Symbol | Ł[citation needed] |
| Code | LTC |
| Precision | 10−8 |
| Subunits | |
| 1⁄1000 | lites,[1] millilitecoin, mŁ |
| 1⁄1000000 | microlitecoins, photons, μŁ |
| 1⁄100000000 | litoshis |
| Development | |
| Original author(s) | Charlie Lee |
| Initial release | 0.1.0 / 7 October 2011 |
| Latest release | 0.21.2.2[2] / 2 March 2023 |
| Code repository | github |
| Development status | Active |
| Project fork of | Bitcoin [a] |
| Written in | C++ |
| Operating system | Windows, OS X, Linux, Android |
| Developer(s) | Litecoin Core Development Team |
| Source model | Open source |
| License | MIT License |
| Ledger | |
| Timestamping scheme | Proof-of-work |
| Hash function | scrypt |
| Block reward | Ł6.25 (as of August, 2 2023), (halved approximately every four years) |
| Block time | 2.5 minutes |
| Circulating supply | Ł73,342,352 (12 July 2023) |
| Supply limit | Ł84,000,000 |
| Valuation | |
| Exchange rate | US$105 (July 2023) |
| Administration | |
| Issuing authority | decentralized, block reward |
| Website | |
| Website | Official website  |
| |
Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011.[3][4] In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase. The practical effects of those codebase differences are lower transaction fees,[5] faster transaction confirmations,[4] and faster mining difficulty retargeting. Due to its underlying similarities to Bitcoin, Litecoin has historically been referred to as the "silver to Bitcoin's gold."[6][7][8] In 2022, Litecoin added optional privacy features via soft fork through the MWEB (MimbleWimble extension block) upgrade.[8][9]
- ^ renaming of mLTC/μLTC to lites/photons https://github.com/litecoin-project/litecoin/pull/375 Archived 2021-12-08 at the Wayback Machine
- ^ "Litecoin v0.21.2.2". litecoin.org. 2 March 2023. Retrieved 2024-03-05.
- ^ "Ex-Googler Gives the World a Better Bitcoin". WIRED. Archived from the original on 2018-07-09. Retrieved 2017-10-25.
- ^ a b Gibbs, Toby; Yordchim, Suwaree (2014). "Thai Perception on Litecoin Value" (PDF). International Journal of Social, Education, Economics and Management Engineering. 8 (8): 2589–2591. Archived (PDF) from the original on 2022-07-22. Retrieved 2022-07-14.
- ^ Miglietti, Cynthia; Kubosova, Zdenka; Skulanova, Nicole (20 May 2019). "Bitcoin, Litecoin, and the Euro: an annualized volatility analysis". Studies in Economics and Finance. 37 (2): 229–242. doi:10.1108/SEF-02-2019-0050. S2CID 199363476.
- ^ Mandjee, Tara (2014). "Bitcoin, its legal classification and its regulatory framework". Journal of Business & Securities Law. 15. Archived from the original on 2022-07-15. Retrieved 2022-07-15.
- ^ Jumaili, Mustafa Lateef Fadhil; Karim, Sulaiman M (2021). "Comparison of two cryptocurrencies: Bitcoin and Litecoin". Journal of Physics: Conference Series. 1963 (1): 7. Bibcode:2021JPhCS1963a2143J. doi:10.1088/1742-6596/1963/1/012143. S2CID 236441485.
- ^ a b Ismail, Ashiana. "Permissioned blockchains for real world applications." PhD diss., 2020.
- ^ Hake, Mark R. (February 14, 2022). "Litecoin Should See Broader Appeal With New Privacy Technology". Nasdaq. Archived from the original on July 15, 2022. Retrieved July 14, 2022.