Litecoin
LTC
Crypto
Store of Value
USD 98.08-4.13%
Litecoin
UMushroom community rating:
About
Store of Value
CategoryProof Of Work
Consensus MechanismL1
L1/L2n/a
Sub-cateegoryn/a
Ecosystem2013
Year of creation
Description
Litecoin (LTC) is a Store of Value crypto coin. The coins can be earned through the process of mining. Litecoin`s origin block was generated on 2013-04-28. More information can be found at https://litecoin.org/.
Key Technical Advantages:
Instant Payments: The Lightning Network allows for instant and atomic payments without the need for block confirmations, making it suitable for retail point-of-sale transactions and other situations requiring instant payments. Micropayments: Lightning Network enables micropayments as low as 0.00000001 bitcoin without custodial risk, opening up new markets and possibilities for small transactions. Scalability: With off-chain transactions, the Lightning Network can support a much higher transaction volume, meeting the demand for machine-to-machine payments and automated micropayment services. Two-party Channels: Funds are placed in a two-party, multisignature channel bitcoin address, and both parties must agree on the new balance to spend funds from the channel, signing a new exit transaction each time. Trustless and Decentralized: The Lightning Network allows for payments across a network of channels without any party having unilateral custodial ownership of funds, enabling a dynamic and open financial system without the need for monopolies or trust in central parties. Content summarized by AI chatbotSource:
Key figures
42.8%1Y
-35.0%3Y
151%5Y
Performance
102/ 871D
144/ 821M
144/ 511Y
Highs/ Lows
30.08.2022
USD 384.67
All Time High
25.50%
% of All Time High
-87.20%All Time
-39.49%1 year
Max drawdown
#22
Ranking by Market Cap
7,508.74 M
Market cap (USD)
0.00%
% of Market
2,008.841 B
Category Market Cap (USD)
0.37%
% of Category
84000000
Circulating Supply
75324680
Liquid Supply
89.67%
Liquid/ Circulating Supply
84000000
Max Supply
100.00%
Circulating/ Max Supply
1786553770
Volume Traded
22.42%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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