Current Litecoin Price Charts on The Bitcoin News
The first time Litecoin became the top 5 market capitalization cryptocurrency was in May 2015 to implement the SegWit scaling solution. At the same time, the first Lightning Network transaction was completed by Litecoin. Here, the first transaction amounting to 0.00000001 LTC was transferred from Zurich to San Francisco in less than a second.
Litecoin LTC – uses a scrypt-based, memory-hardening mining proof-of-work algorithm and offers faster transactions, on average 2.5 minutes, to address the most common computers and GPUs that most people already have – which are the main differences to Bitcoin.
The Litecoin network is said to produce 84 million currency units and, just like Bitcoin, halve the reward every four years.
Litecoin was created by a Google employee named Charles Lee. The currency is second to Bitcoin and has produced numerous clones, but it has a solid base of support and a dedicated development team.