The Litecoin was born on November 9, 2011 and is known as 'Digital Silver.' Litecoin has the same implementation principle as Bitcoin in terms of technology. It is the first network digital currency based on the Scrypt algorithm. Compared with Bitcoin, his confirmation speed is fast, and it is confirmed in 2.5 minutes, totaling 84 million.

Characteristics
The creation and transfer of Litecoin is based on an open source encryption protocol that is not managed by any central authority. Litecoin aims to improve Bitcoin, compared to the Litecoin, which has three significant differences. First, the Litecoin network can process one block every 2.5 minutes (rather than 10 minutes), thus providing faster transaction confirmation. Second, the Litecoin network is expected to produce 84 million, which is four times the amount of money issued by the Bitcoin network. Third, Litecoin used the scrypt encryption algorithm first proposed by Colin Percival in its workload proof algorithm.

Subsequently, the Litecoin community voted to reach an agreement to upgrade its blockchain through the isolation verification soft fork. The Litecoin development team said that in the future, 'Lightning Network' and 'Smart Contract' will be added. Subsequently, the price of Litecoin rose sharply and climbed more than 380 yuan in a few months.

Specification
Chinese Name: Litecoin English Name: Litecoin English Abbreviation: LTC

Developer: Charlie Lee Core Algorithm: Scrypt Release Date: 2011/10/7

Block time: 150 seconds / Block Total Volume: 84 Million Half Time: 4 Years

Consensus Proof: POW Difficulty Adjustment: 2016 Blocks Block Reward: Initial 50 LTC, Current 25 LTC

Main Features: Large Circulation: Circulation Is 4 Times That Of Bitcoin; Transaction Is Fast: confirmation time is only 2.5 minutes; isolation verification is activated

Most Used Link

Official Website: https://litecoin.org/

Block Query: http://explorer.litecoin.net/

Wallet Download: https://litecoin.org/

Source Code Download: https://github.com/litecoin-project

Litecoin Forum: https://litecointalk.io/

Litecoin Mining: https://litecointalk.org/