Key metricsKey metrics
PricePrice$86.28
Asset TypeAsset TypeCryptocurrency
StructureStructureFoundation
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorCurrency
IndustryIndustryBlockchain
RevenueRevenue100k budget per year
FoundedFounded2-Feb-2010
CountryCountryUnited States
Key personKey personCharlie Lee

Litecoin (LTC) Information{coin_name} ({symbol}) Information

The cryptocurrency for payments based on Blockchain Technology

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).
MVP Only
Currently Litecoin isn't used much as a payment method.
(Minority) Fork
Litecoin is a code fork of Bitcoin with a changed hashing algorithm.
Decentralised Team
The team is decentralised (no main central office), which makes effective collaboration harder, reducing chances of success.
Utility of the coin/token
Transfer of value

Team OverviewTeam Overview

Charlie Lee
Creator

Creator of Litecoin. Cryptocurrency Enthusiast. Ex-Director of Engineering at Coinbase. Managing Director of the Litecoin Foundation.

Keith Yong
Director Of Operations
John Eidson
Marketing Director
Adrian Gallagher
Developer
Loshan T.
Developer

OrganizationsOrganizations

Litecoin Foundation LTD.

Company NumberCompany Number 201709179W
111, North Bridge Road, #08-19, Peninsula Plaza, 179098, Singapore

Questions and AnswersQuestions and Answers

What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions. So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
When And Why Was Litecoin Created?
Litecoin was created on 7th Oct 2011 by Charlie Lee, an ex-Google employee. Litecoin was designed to complement Bitcoin by solving problems like concentrated mining pools and transaction timings. Litecoin came from Bitcoin’s core code with some modifications. Charlie Lee modified the code and protocol in the way he considered best in order to achieve large-scale adoption of the currency. Lee wanted to reduce block confirmation timings of 10 minutes to 2.5 minutes so that a higher volume of transactions could be confirmed. By doing so, Lee enhanced the Litecoin transaction speed by 4X (when compared to Bitcoin). The original Bitcoin core’s algorithm of SHA-256 was changed to the Scrypt algorithm, which is very memory-consuming. The Scrypt algorithm makes it difficult to operate concentrated mining pools.
Team behind Litecoin?
In 2011, Charlie Lee released Litecoin on GitHub. From 2011-2016, Litecoin didn’t have any full-time developers. Initially, only Charlie Lee (the creator of Litecoin) and Warren Togami (the lead developer) were associated with the Litecoin open source project. In 2016, a developer under the alias name “Shaolinfry” joined Litecoin.
How many litecoins will there be ?
The total number of Litecoin to ever be produced is 84 million units. At present, there are approx. 53 million units in circulation and 31 million units yet to be mined.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmScript
ProofProofProof of work
MiningMiningMinable

Source Code Repositories

litecoin-project/litecoin 3363 Stars 701 Contributers 37 Open Issues

Litecoin source tree

EconomicsEconomics

Tradeable CoinsTradeable Coins
62,699,120 (100% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
MBuTKxJaHMN3UsRxQqpGRPdA7sCfE1UF7n 1,644,399.522213
M8T1B2Z97gVdvmfkQcAtYbEepune1tzGua 971,509.980851 2456289
MD4Q9gLQ7Cv1ZCqwFi33SezVFGomja8r9f 780,000.041653
LQfBzEyejA3xLaH2KAUPxSRxAuT4a77KQg 547,500.023529
MU3HPmse9NfQYwA73tTdpqMU2z8nXhKTnx 444,554.98704
LQTpS3VaYTjCr4s9Y1t5zbeY26zevf7Fb3 430,471.012125
MJVjkneYN3jxnMC1eWqmKQjssueig7nb1h 405,779.627501
MNcY4kMj8QqwS8vxsiy6MskisgDXV2Yf6j 400,000
MV7VUNW8a6495VLF8HnEBCzRLXhfvUYW59 377,316
LUbbueEvw9pu1gta5A4K2mewmyEFx381Cq 368,980.386324
LfvKEXCQsFMxd4ULbevoemBfgTiWnnhjGh 365,000.000005 1096295
LZMb93uutjNyRbC3AgjSRLMtVchgeTiXvd 352,500
LSGTFQpsuMxuBSpBwskEs9oXdfZsTLSGfy 324,762.830558
LN1WGKRSK6txPwqmZP1nU3db3YtJq46MzB 324,713.064054
LiGzL5U6ZbDDgJgZNysf8U7y3sJhrMQ3vp 304,996.000771
LdoAzcQCmzJAN9K3a89rhiMJw3r6fHcHjb 300,000.00001
LabqPK21LR4yZVTMFYDqVj2yX6Lig5vc9T 300,000
LSPqzqC8XcmeDoVJW5bJVtMqQbESHS46tn 300,000
LLucub4nwTdmSd2dhi4fnPLj9vaV6V2Bfw 300,000
Lb2LdGuqXrjxy86Y3UZWztpZUZW9mYjLE6 300,000

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance LTC/USDT $86.41 0.14% $23,876,811 0.06% 0.08%
Coinbase Pro LTC/USD $86.31 0.03% $19,695,920 0.01% 0.08%
Binance LTC/BTC $86.20 -0.09% $15,616,266 0.06% 0.12%
Bitfinex LTC/BUSD $86.28 0% $8,838,117 0.11% 0.12%
Coinbase Pro LTC/BTC $86.24 -0.05% $6,754,021 0.06% 0.1%
Bitstamp LTC/USD $85.98 -0.35% $5,520,341 0.3% 0.31%
Kraken LTC/USD $86.31 0.03% $3,323,669 0.1% 0.12%
Coinbase Pro LTC/EUR $86.96 0.78% $2,845,717 0.2% 0.21%
Gate.io LTC/USDT $86.21 -0.09% $2,684,649 0.12% 0.16%
Bitfinex LTC/BTC $86.27 -0.01% $2,533,612 0.14% 0.14%
Kraken LTC/EUR $86.81 0.61% $2,511,344 0.12% 0.17%
Gemini LTC/USD $86.17 -0.13% $2,365,601 0.3% 0.3%
Bitstamp LTC/EUR $86.89 0.7% $1,846,720 0.26% 0.26%
Upbit LTC/KRW $85.22 -1.2% $1,775,599 0.05% 0.15%
Gemini LTC/BTC $85.70 -0.67% $1,534,848 0.27% 0.27%
Poloniex LTC/BTC $86.12 -0.19% $1,062,863 0.08% 0.08%
Bittrex LTC/BTC $86.15 -0.15% $998,487 0.18% 0.18%
Bitstamp LTC/BTC $86.16 -0.14% $928,339 0.29% 0.29%
Kraken LTC/BTC $86.19 -0.11% $864,293 0.14% 0.15%
Binance LTC/BNB $86.28 0% $856,135 0.17% 0.38%
Binance LTC/USDC $86.01 -0.32% $666,810 0.25% 0.35%
Coinbase Pro LTC/GBP $86.27 -0.01% $647,054 0.28% 0.45%
Binance LTC/ETH $86.13 -0.17% $536,860 0.15% 0.22%
BTCTurk LTC/TRY $86.47 0.22% $428,709 0.77% 0.78%
CoinOne LTC/KRW $85.22 -1.2% $330,074 0.05% 0.48%
Bittrex LTC/USD $85.94 -0.39% $271,311 0.44% 0.44%
Poloniex LTC/USDT $85.92 -0.42% $259,561 0.34% 0.68%
Mercado Bitcoin LTC/BRL $86.41 0.14% $255,639 0.25% 0.84%
Binance LTC/PAX $86.33 0.05% $233,746 0.3% 0.36%
Binance LTC/TUSD $86.48 0.23% $213,150 0.29% 0.4%
Indodax LTC/IDR $86.36 0.09% $188,536 0.24% 0.41%
BTC Markets LTC/AUD $86.32 0.04% $181,573 0.53% 0.54%
Bittrex LTC/USDT $86.30 0.02% $177,315 0.17% 0.45%
Poloniex LTC/USDC $85.62 -0.77% $85,178 0.63% 0.63%
CEX.io LTC/USD $86.82 0.62% $75,767 0.26% 1.3%
Gate.io LTC/BTC $85.27 -1.2% $67,508 0.48% 0.63%
Bittrex LTC/ETH $85.82 -0.54% $66,854 0.05% 0.49%
Bitso LTC/MXN $85.05 -1.4% $62,619 0.3% 2.1%
CEX.io LTC/GBP $87.85 1.8% $27,221 7.2% 31%
Indodax LTC/BTC $85.53 -0.87% $16,854 0.19% 25%
Poloniex LTC/XMR $86.29 0.01% $11,557 1.4% 1.4%
CEX.io LTC/BTC $85.69 -0.68% $11,372 0.27% 1.1%
Bitso LTC/BTC $86.29 0.01% $8,431.22 0.98% 7.2%
Gemini LTC/ETH $84.70 -1.8% $6,450.25 1.3% 1.3%
Gemini ZEC/LTC $86.30 0.02% $5,060.96 26% 27%
CEX.io LTC/EUR $87.05 0.89% $2,843.58 0.82% 0.82%
BTC Markets LTC/BTC $82.86 -4% $984.65 5.7% 5.7%
Gemini LTC/BCH $86.23 -0.06% $0.0000 1.1% 1.3%
Lykke LTC/BTC $86.73 0.52% $0.0000 0.87% 0.87%
Lykke LTC/CHF $84.27 -2.3% $0.0000 0.95% 0.96%

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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