LiteCoin (LTC)

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Litecoin is basically just like bitcoin but only takes 2.5 minutes   to confirm transactions not 10 minutes. Litecoin uses a different method of securing transactions that makes it better for GPU mining. This means that it is harder to hack than bitcoin in some ways. This gives a point of difference.

Our Joke Name

Litecoin = Low Fat

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (LTC)

Coin or Token

Circulating Supply (55,249,433)

Max Supply (84,000,000)

Block time (2.5 min)

Market Cap Ranking

Review

LiteCoin is a good backup to bitcoin, with lots of information and a well developed wallet and security. Faster than Bitcoin and can be mined. Could be over valued as some smaller coins offer the same features. With even newer tech that can reduce GPU footprint.

Company Message

(litecoin.org) Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Pros

  • Fast
  • Secure
  • Top 10
  • Reliable and Trusted

Cons

  • Possibly overprice
  • Not physically or digitally backed