Litecoin (LTC)

Price

EUR

€44.44

USD

$51.67

24h change

-2.40 %

Market cap

€3.43B

24h volume

€198.14M

Last 30 days

Low

€44.4352

Average

€47.5886

High

€51.3912

30d: -7.66 %

Stats

Circulating supply

77.21M LTC

Max supply

84M LTC

All-time high

€337.56

ATH date

May 10, 2021

All-time low

€0.9813

ATL date

Jan 14, 2015

Rank

#28

Genesis

Oct 8, 2011

About · Litecoin

Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide. As an open-source global payment network that functions independently of central banks or intermediaries, its main value proposition lies in providing a scarce digital asset with a fixed maximum supply of 84 million tokens. The network operates using a Proof of Work mechanism where computers solve complex puzzles to confirm transactions and secure the blockchain. It is distinguished by a block generation time of 2.5 minutes, which allows for faster transaction confirmations and a higher total throughput than earlier protocols. Key technical features include the Scrypt hashing algorithm, which promotes wider network participation, and MimbleWimble Extension Blocks, which improve user privacy by allowing transaction details to be hidden. The LTC token is used for settling global payments, executing microtransactions through smaller units called litoshis, and diversifying digital portfolios with a highly liquid asset. New tokens are issued to miners as rewards for verifying blocks, though these rewards undergo a halving event approximately every four years to strictly control inflation. This process ensures the ledger maintains immutability, meaning records cannot be changed once they are saved to the global network. Created by…