Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency is widely used.


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User Reviews for Litecoin

(13 user ratings) 4.4 out of 5 stars

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  • umarshah (530) - 2016-05-15 05:46:24

    Litecoin is a cryptocurrency that enables instant payments to anyone. Offers Web Wallet and an Easy way to Purchase Litecoin in US (directly from your bank account)

  • Rishi556 (2355) - 2016-01-26 14:33:35

    Its good. Litecoin is still not as good as bitcoin, but it defiantly got up there. The price is very low compared to bitocoins, but I guess that nothing might get up as high as bitcoin. If you need information about LTC, this is a great site.

  • DaReaper (1290) - 2015-03-08 00:26:04

    A crypto currency similar to bitcoin with less of a volatility. It's good to try them out, but there hasn't been much of merchant adoption unlike Bitcoin.

  • humptydumpty (2260) - 2014-10-09 23:34:31

    Litecoin will be a way of the future just as bitcoin , so even if you don't believe in them now it would be smart to grab some!

  • GaminRebell (4450) - 2013-12-02 15:57:44

    For starters this have been the most helpful site i have been to start mining for Litecoins. It's great and the programs are right there to instal in all of the Operative Systems.

  • magnus111 (30) - 2013-11-26 10:20:36

    Best of the rest. Litecoin will have a great future ahead, a lot of crypto's believe in LTC next to BTC. Including myself.

  • LarsAndersson (950) - 2013-11-16 09:25:22

    A mature alternative to bitcoin, and great for CPU miners. The transaction fees are on the higher side, though.

  • AneXA (1370) - 2013-11-14 06:15:00

    I am sure that Litecoin is going to stand right beside btc in the top and many people will start investing in litecoin.

  • Quincy (170) - 2013-11-01 02:42:39

    Best of the rest. Litecoin will have a great future ahead, a lot of crypto's believe in LTC next to BTC. Including myself.

  • pinmod (475) - 2013-08-29 17:33:40

    I have to say that I loveeeeeeeeeeeeeeee litecoin!

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