UKEX has now opened up the deposit and withdrawal business of LTC, We invite you to experience it!
What is LTC?
Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.By far the most fundamental technical difference between Bitcoin and Litecoin are the different cryptographic algorithms which they employ. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt.
Litecoin aims to be a more advanced version of Bitcoin. It has 3 main advantages:
·The equivalent figure for Litecoin is roughly 2.5 minutes, this difference in confirmation time could make Litecoin more attractive for merchants.
·Litecoin can accommodate up to 84 million coins, 4 times of Bitcoin's.
·Litecoin makes use of a comparatively new algorithm known as Scrypt, introduced by Colin Percival, which makes mining easily accessible.
Release date: 2011-10-07
Total coins: 84000000
Market Cap: 4,192,076,020 BTC
Block time: 150 sec
Block reward: 50
Retarget: 2016 Blocks
Warm reminder: Digital asset transaction has certain risks. Please invest cautiously within the limits of your personal expenses. Do not follow the trend blindly.