What does it do?
Litecoin is a peer-to-peer cryptocurrency forked from Bitcoin. The transaction confirmation time is about 2.5 minutes on average.
- Open source and decentralized.
- Nearly zero cost transfers.
- Medium of commerce complementary to Bitcoin.
|Company Name||Litecoin Foundation Ltd.|
|Incorporation date||April 3, 2017|
|Incorporation Address||111 NORTH BRIDGE ROAD|
|Crypto Currency||Price (Euro)||24H % Change|
|Initial Funding & Distribution|
|Total Supply Sold||There was no ICO|
|Total Amount Raised||n/a|
|Price During the Crowdsale||n/a|
|Initial Token Distribution||n/a|
|Distribution of Funds raised||n/a|
|Fork Date||October 13, 2011|
|Managing Board Director||Charlie Lee|
|Board Director||Xinxi Wang|
|Board Director||Franklyn Richards|
|Board Director||Zing Yang|
|Director of Operations||Keith Yong|
|Project Director||David Schwartz|
|Marketing & Communications||John Eidson|
|Total number of Commits||67 705 Commits (37 Repositories)|
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Potential market and clients
The potential of Litecoin adoption depends on the demand for cryptocurrencies in the future. In a scenario when Bitcoin becomes the new gold Litecoin plans to become a silver to it and serve as a medium of exchange.
Utility and economic dynamics
- LTC can be used as a transfer of value.
- LTC is also used to pay the fees.