Litecoin

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Coin Information

Algorithm Scrypt
Proof Type PoW
Start Date 13/10/2011
Website Litecoin
Last BlockExplorer Update TS 2018-08-28 05:08:38
Difficulty Adjustment 2016 blocks
Block Reward Reduction 50%
Block Number 1481842
Block Time 150
Net Hashes Per Second 2.3025916135109E+14
Previous Total Coins Mined 58037854.742787
Total Coins Mined 58037904.742787
Block Reward 25

Source : Cryptocompare.com

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About Litecoin

Litecoin (LTC) is a cryptographic currency that’s based on the Bitcoin protocol. With the primary goal to provide users with instant and hassle-free payments to anyone in the world, Litecoin is a popular digital currency that is widely used side by side Bitcoin.

But it should be noted that Litecoin (LTC) has striking features that make it a stand out in the world of cryptocurrencies. For instance, it features a blockchain with an ability to handle more transaction volume without ever needing to improve or modify the software in the years to come.

Available for Windows, Linux, and Mac, you can easily have your Litecoin Wallet work on these systems without any trouble. And with a stringent wallet encryption, you can bet that your Litecoin Wallet will be protected from viruses and Trojans designed to steal LTC.

Litecoin mining

A total of 84 million coins will be issued over the years, and this will be achieved by generating blocks every 2.5 minutes. Currently at 479,192 blocks, there’s a Litecoin Difficulty of 2,926.5907, which is a significant increase from previous records. Moreover, expect the Litecoin Difficulty to adjust in every 2,016 blocks. Regardless of this, Litecoin (LTC) miners won’t be subject to extreme fluctuations in mining and earning coins. As such, you can bet that you’re going to collect block rewards regularly, which is priced at 50 coins per block. But expect this to be halved every four years.

What’s even better is that Litecoin mining doesn’t require you to have the most powerful hardware. It uses scrypt-based mining proof-of-work algorithm so that miners can mine solo or join a Litecoin Mining pool even with regular computers and GPUs. After all, to offer efficient, convenient, and trouble-free mining is what Litecoin (LTC) aims to achieve.

If you want to see your estimated expected earnings from mining on your own or in a Litecoin Mining pool, simply use a Litecoin Calculator. By providing certain details like Pool Fees, Hash Rate, and Block Reward among others, you will have an idea how much you will earn in a, weeks, months, and even a year.

And should you feel your Litecoin Wallet will benefit from an extra oomph, take advantage of the free Litecoin Faucet available online.

Litecoin exchange

Litecoin (LTC) is traded in a number of exchanges like BTC-e, ncxNOW, Cryptsy, VirCurEx, Bter, Coins-E, CoinEX, Crypto-trade, BTCLTC, and Phenix. With so many exchanges to choose from, you’re guaranteed to find the best deal for buying or selling. You can also trust that its price in the market is competitive. After all, the Litecoin Price/Value is stable and trades against BTC much better than other alternative cryptocoins. You can also find large exchange volume of Litecoin (LTC) traded, so there’s no reason to worry about running out of coins to trade in a Litecoin exchange.

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