Cryptocurrencies > Coins > Litecoin
Litecoin (LTC)
$... +..%
Market Cap: $???,???
Fundamental Crypto Asset Score1
- Litecoin is a digital currency, which can be used to buy things at places where it’s accepted, and to transfer funds between accounts.
- Litecoin’s speed and relatively low fees make it appealing as a payment option and means of transferring value.
- The network has significantly fewer miners than Bitcoin, which could have an impact on the overall security of the network.
- Like Bitcoin, Litecoin has a fixed supply: there will only ever be 84 million LTC.
Litecoin was created as a fork of Bitcoin in 2011. A fork happens whenever a community makes a change to the blockchain's protocol, or basic set of rules. Forks create a second blockchain that shares all of its history with the original, but is headed off in a new direction.
So what’s the difference? Litecoin branched off from Bitcoin to test new innovations, including a different proof of work mining algorithm. The digital asset also aims to offer faster transaction times and lower costs than Bitcoin.
71
CE-Score (out of 100)
Mar10, 2022
Ecosystem Structure: 7.5
Token Economics: 8.5
Market Opportunity: 6.0
Core Team: 8.0
Token Performance: 6.0
Roadmap Progress: 7.0
Underlying Technology: 6.5