When did Litecoin come out?
- DDDOriginal
- 2024-04-25 13:19:01545browse
Litecoin was born on November 9, 2011 as a lightweight alternative to Bitcoin with faster transaction speeds and lower fees. The main differences between Litecoin and Bitcoin include block generation time (2.5 minutes), circulating supply (84 million), hashing algorithm (Scrypt) and transaction fees (usually lower).
Litecoin’s birth time
Litecoin was born on November 9, 2011 .
Introduction to Litecoin
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. Litecoin aims to be a lightweight alternative to Bitcoin, with faster transaction confirmation times and lower transaction fees.
The difference between Litecoin and Bitcoin
- Block generation time: The block generation time of Litecoin is 2.5 minutes, And for Bitcoin it’s 10 minutes.
- Circulating supply: The total supply of Litecoin is 84 million, while Bitcoin is 21 million.
- Hash Algorithm: Litecoin uses the Scrypt hashing algorithm, while Bitcoin uses SHA-256.
- Transaction Fees: Litecoin’s transaction fees are generally lower than Bitcoin.
Litecoin Development History
- 2011: Litecoin was born.
- 2013: Litecoin is listed on major exchanges.
- 2014: Litecoin reaches all-time high price.
- 2017: Litecoin reaches its all-time high price again.
- Today: Litecoin remains a popular asset in the cryptocurrency market, used for payments and investments.
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