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.
|Litecoin Foundation Ltd.
|April 3, 2017
|111 NORTH BRIDGE ROAD
|24H % Change
|Initial Funding & Distribution
|Total Supply Sold
|There was no ICO
|Total Amount Raised
|Price During the Crowdsale
|Initial Token Distribution
|Distribution of Funds raised
|October 13, 2011
|Managing Board Director
|Director of Operations
|Marketing & Communications
|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.