stable at around US3-5 lately though it has been far off its peak of over US50 in November 2013. A total of three blocks had been pre-mined by Litecoin developer. All of this has translated to Litecoin holding the second largest market capitalization and an overall ranking of #2 on CoinGecko. A major milestone was reached in October 2014 when the Litecoin network surpassed one terahash of mining power. In December last week, the Litecoin Foundation partnered with Ultimate Fighting Championship (UFC one of the leading mixed martial arts organizations, in a deal to promote the cryptocurrency making it the first crypto sponsor for a UFC event. However in recent years, opinions have been divided as to whether Litecoin is bringing anything new to the table or just riding the coattails. Block Size (in bytes) minutes ago 67 901.011 LTC.024 LTC 22, minutes ago 8 346.051 LTC.002 LTC 2, minutes ago 104 582.051 LTC.028 LTC 25, minutes ago 150 5,834.522 LTC.062 LTC 47, minutes ago 46 591.459 LTC.01 LTC 11,220, high. The presented content may include the personal opinion of the author and is subject to market condition. Litecoins Layer 1 blockchain remains free from congestion thanks to its 4x quicker block time, allowing it to process roughly 4x as many transactions 2 bitcoin than its big brother Bitcoin over the same time period. Since its launch in 2018, the Lightning Network for Litecoin has become technologically superior in many aspects to the existing blockchain networks.
That being said, the Litecoin block halving remains an important milestone in the history of this altcoin, as fewer coins will be generated on a daily basis. It also means since Litecoin is deflationary it wont be possible to see the 70M milestone until approximately 1330 more days have passed, or sometime in mid 2022. There are plenty of room for discussion, but one thing has to be said: Litecoin has been holding strong for four years now, and it looks like it will continue for many years to come. Litecoin Association stresses that the Litecoin price is not paramount to what the virtual currency is trying to achieve.
Charlie made a decision to pre-announce Litecoin nearly a week before the actual release so that more users would be aware of the launch. Litecoin just achieved a unique milestone, according to the recent post on Litecoins medium channel 60 million Litecoins are now mined marking.5 of the total supply. . This milestone also marks the point at which there are only 3M more Litecoin to go until the halving, which will see the Block reward fall from 25 Litecoin.5 Litecoin. Similar to the Bitcoin network, Litecoin has a lot of computational power dedicated to finding new blocks, confirming transactions and securing the network.
Unlike fiat currencies, where additional money can be printed at the whims of central banks, Litecoin and other virtual currencies rely on miners to bring additional coins in circulation. On October 23rd, Litecoin was officially released to the public on the Bitcointalk forum. Do let us know your views on the same. Fee estimates are based on a rolling, weighted average. Litecoin is listed on nearly every cryptocurrency exchange in the world and is an alternative payment method on platforms such as eGifter, btctrip, m and also payment processors such. The author or the publication does not hold any responsibility for your personal financial loss). In the first week of 2019, Binances TrustWallet added support to Litecoin along with Bitcoin and Bitcoin Cash taking thus aiding it to the increasing adoption of Litecoin.