Litecoin LTC
#26 by market valueLTC price, US dollars
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Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide. As an open-source global payment network that functions independently of central banks or intermediaries, its main value proposition lies in providing a scarce digital asset with a fixed maximum supply of 84 million tokens.
The network operates using a Proof of Work mechanism where computers solve complex puzzles to confirm transactions and secure the blockchain. It is distinguished by a block generation time of 2.5 minutes, which allows for faster transaction confirmations and a higher total throughput than earlier protocols. Key technical features include the Scrypt hashing algorithm, which promotes wider network participation, and MimbleWimble Extension Blocks, which improve user privacy by allowing transaction details to be hidden.
The LTC token is used for settling global payments, executing microtransactions through smaller units called litoshis, and diversifying digital portfolios with a highly liquid asset. New tokens are issued to miners as rewards for verifying blocks, though these rewards undergo a halving event approximately every four years to strictly control inflation.
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Coins of a similar size
| # | Coin | Price | 1 h | 24 h | 7 d | Market value | Traded 24 h | Supply | Last 7 days | Track |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 | $7.10 | ▼0.24% | ▲3.32% | ▼2.40% | $4.43B | $302.46M | 624.49M UNI | + Track | ||
| 27 | $8.87 | ▼0.42% | ▲0.47% | ▼6.92% | $3.94B | $243.64M | 443.95M AVAX | + Track | ||
| 24 | $1.00 | ▼0.01% | ▲0.02% | ▼0.05% | $4.51B | $132.37M | 4.51B DAI | + Track | ||
| 28 | $0.0985 | ▼0.80% | ▼2.25% | ▼6.19% | $3.94B | $10.92M | 39.93B CC | + Track | ||
| 23 | $0.9989 | ▼0.00% | ▼0.07% | ▼0.09% | $4.60B | $39.99M | 4.60B USDE | + Track | ||
| 29 | $0.9987 | ▼0.00% | ▼0.03% | ▼0.03% | $3.91B | $1.04B | 3.92B USD1 | + Track | ||
| 22 | $0.007242 | ▼1.64% | ▼14.48% | ▼17.95% | $5.15B | $18.22M | 710.83B RAIN | + Track | ||
| 30 | $0.9121 | ▼0.35% | ▲0.07% | ▼8.18% | $3.76B | $306.38M | 4.12B SUI | + Track |
Data from CoinGecko, read 02:27 UTC. This page is information, not financial advice. Crypto is high risk: you could lose everything you put in.