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Lite coin value4/1/2024 ![]() ![]() If bitcoin resembles “digital gold” (i.e., a store of value), then Litecoin is akin to “digital silver” that offers an alternative mining algorithm, faster transaction settlement, and a testing ground for more ambitious innovation than Bitcoin as there is less value at risk. The supply schedule is embedded in the Litecoin protocol. The supply of Litecoin is deterministic and fixed at 84 million LTC. Litecoin can be purchased on a cryptocurrency exchange and stored in a crypto wallet and custodian like Gemini. Litecoin may be bought and sold for fiat currency or other digital currencies. The smallest subunit of LTC is the “litoshi,” which is 10-8 LTC or one hundred-millionth of an LTC (0.00000001 LTC). All LTC balances and transactions are recorded on the Litecoin blockchain. Litecoin or LTC is the digital asset token of the Litecoin network (similar to how bitcoin or BTC is the digital asset token of the Bitcoin network). ![]() Litecoin is a fork of Bitcoin and technically similar however, it uses a different proof-of-work mining algorithm called ‘scrypt.’ Token Litecoin was first conceived of and later launched by Charlie Lee in October, 2011. Litecoin is a cryptocurrency and blockchain that differentiates itself from Bitcoin by using a different mining algorithm and processing transactions faster. ![]()
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