Litecoin is one of the first "altcoins" and was developed in 2011 by a Google Engineer. At the time, Bitcoin was the only established blockchain and just started getting recognition. But already, some saw its disadvantages in scaling to real-world usage and started thinking about alternatives. The developer, Charlie Lee, took Bitcoin’s open source code and modified it into make Litecoin. While it still uses the same fundamental working principles, Litecoin has a few advantages over Bitcoin: It is much faster and the fees are low enough that it can be used for small transactions.
While Litecoin will always hold a special place in crypto history as the first altcoin to challenge Bitcoin, we wouldn't bet on it nowadays. Even though it's actually the first crypto to find adoption as a payment method, it is also limited to that and can't be programmed to do more, like Ethereum for example. It's also not particularly fast by today's standards. All that explains why it has quickly lost ranks in terms of market cap.
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Litecoin is aon its own,uses to validate transactions,and is.Litecoin does not support.
Interesting facts about Litecoin
Here are some facts you may not already know about Litecoin. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
You can buy and pay with Litecoin on Paypal.
It is one of the few coins with real work use: thousands of merchants accept it.
Litecoin was the first popular "altcoin" when it was released in 2012.
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Litecoin price and insights
See how much Litecoin is worth and learn from other insightful metrics
-0% past 1 week
No reviews yet
0% feel totally fine about Litecoin today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members 10,424 3% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Litecoin, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.