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  • Great new!! November 16, 2019
    Great news!! Crypcore has some wonderful features that will interest you. click here for more info submitted by /u/harrygh20 [link] [comments]
  • Litecoin Hastrate Discussion November 16, 2019
    Hi, so i see posts about the hashrate decrease like 60% since the halfening. Where can this of gone? Its not like there is any other coin that uses Scrypt thats better no mine right? 60% is a MASSIVE amount of hashrate! Is is simply old miners turning off? Is it Bitmain burn in testing […]
  • Spotted in Chinag Mai (Thailand) November 16, 2019
    submitted by /u/DarkMatterEclipse [link] [comments]
  • Is it worth to invest in Litecoin now as compared to BTC and other Altcoins? November 16, 2019
    Is it worth to invest in Litecoin now as compared to BTC and other Altcoins? If yes, then please let me know the profitable altcoins which can give us sure returns. Please Expert Advice. submitted by /u/Zipmex [link] [comments]
  • Litecoin Summit Recap on the Phillip Kennedy Podcast and Channel November 15, 2019
    submitted by /u/Msmaecrypto [link] [comments]
  • Thoughts on adoption: until things change, Litecoin's fate is simply tied to Bitcoin November 14, 2019
    CONVINCE ME I'M WRONG: Litecoin will not see significant, independent adoption until some combination of the following happens: Tax regulations change that make spending with crypto / Litecoin a tax advantage A major retailer incentives usage on a mass scale (ie. Starbucks) We see a price spike followed by a period of low price volatility […]
  • New Litecoin asset profile from Messari! November 14, 2019
    submitted by /u/messaricrypto [link] [comments]
  • Celsius Network experience anyone? November 14, 2019 I just saw this email from the LF. I want to know about your experience with Celsius Network or any other service like it. IMO, using such a service makes sense since I am not trading actively and my LTC are just gathering dust, what is your opinions? submitted by /u/pguerrerox [link] [comments]
  • #paywithlitecoin November 14, 2019
    #paywithlitecoin is a fundamental mantra for those pushing to increase adoption. With that in mind, I'd be curious to hear any thoughts on what business model might emerge from a domain with the same name. It was registered back in summer of '17. submitted by /u/jbinfrisco [link] [comments]
  • Charlie Lee Litecoin Addresses FUD About MimbleWimble | SEBA Goes Live | Grin Gets 50 BTC Donation November 13, 2019
    submitted by /u/crypto_blood [link] [comments]

What Is Litecoin ?

Litecoin is a decentralized peer-to-peer and open source cryptocurrency network released under the MIT/X11 license. Litecoin offers faster transaction and improved storage efficiency than bitcoin. It was launched in 2011 to fix mine with massive computer horsepower experienced in bitcoin. Litecoin can be mined in any lesser computer, and it is 7.5 faster than bitcoin in producing blocks to the blockchain. In fact, it mines with an average of 2.5minutes per block. This fast transactional functionality has made Litecoin, the first choice for miners who want to make more money.
It uses a decentralized blockchain technology meaning, it cannot be controlled by any central authority, and it is excellent payment platform to transact digital currency.

Regardless of what people say, Bitcoin is always the first to scoop the headlines, virtually taking the lead in both good and what seems to be wrong. The early Bitcoiners are smiling to the bank whenever you criticize of what is not going right in bitcoin.

Last month, a cryptocurrency which regarded its self as “the silver to bitcoin’s gold’ made an all-time high of 2000% in the market capitalization. That cryptocurrency is called Litecoin. The Litecoin team should be seeing it as gold not silver after such an unprecedented surge in value. With quickest transaction time in cryptocurrency blockchain, improved network and less volatility, Litecoin should be aiming to be among the top two in cryptocurrency market.



Litecoin was founded by Mr. Charlie Lee, a cryptographic expert who brought his wealth of experience to make Litecoin, what it is today.

He is being assisted by other Directors in the persons of Mr. Xinxi Wang and Mr.Franklyn Richards. I will not forget to mention these two developers who have worked tirelessly to make Litecoin, the fastest blockchain transaction platform. They are losh11 and fancycedar.

Practical Uses of Litecoin

  • Litecoin is a payment processor to many firms such as eGifter, Sean’s Outpost, KnCMiner, Ellenet
  • Some banks use Litecoin’s blockchain platform for transactions
  • It is used for payment solutions for e-commerce.
  • You can pay other users who are using Litecoin with its’ tokens.


Mining Of Litecoin

Mining LTC is cost-effective because of low computational power it uses.It can be mined in minor hardware or computers. Litecoin uses Script Proof of Work to verify transactions, and every transaction produces new blocks which are added into the Litecoin’ blockchain. A reward is given to the miner whose effort in solving the computational puzzle led to the addition of more blocks.

Litecoin and Bitcoin are different in the usage of algorithms when hashing. Bitcoin uses the popular SHA-256 which is known for its’ complexity and high computational power consumption. On the other hand, Litecoin uses a script which is a memory based algorithm and uses less computational power to mine.

Notes to Invest

Litecoin is the cheapest amongst the top three: Bitcoin, Ethereum, and Litecoin, with the price hovering around $70.I think, what drives Litecoin presently is the relatively low price, and I feel, they management should take advantage of that.

LTC is a currency, and it doesn’t act like a stock or bond, When buying shares of Litecoin, you are only swapping your money with Litecoin currency. Litecoin has the potentials to hit it big in the coming years based on the steady increase(In July 2013, 1 LTC = $2.80 and now,1LTC= $70) in the market cap,


You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!