I am the organicest, most non-GMO sunuva beach on this birthrate declining blueberry.
Christopher ŁTC
First I was a bitcoiner, then I got sold on Ethereum, icos, defi, and now I realise that any thesis which stands against the bitcoin value proposition as a premise is on the wrong side of the secular trend. Litecoin detractors forget this space was born out of a desire for sovereignty and self determination, and so they fight organic trends in much the same way that traditional finance fought bitcoin in the early days.
Bitcoin is not a panacea. It has trade-offs just like any other technology. Thinking that there is nothing else after bitcoin was not true at the coin's inception and it is not true now, exemplified by walking contradictions such as mstr products (which are not bitcoin) and others.
Litecoiners simply acknowledge these points and default to the bitcoin value proposition because it makes sense, and because that's what users have been doing for years.
You do not get a sustained 70x-75x growth in daily usage out of nowhere. Take the Ł now, or later - the end result is the same, probably.
8.17K
44
Ye Su
Looking at the "currency stock" market of U.S. stocks, it is very similar to the cloud currency network at the beginning of 2017.
At that time, there was no Binance, and Huobi and OK only had BTC and LTC.
Yuncoin is an altcoin exchange run by Li Xiaolai, and the aesthetics of coin selection are very good, and it is the first to list ETH.
There are more than a dozen coins on the website: BTC, ETH, LTC, ETC, NEO, SIA...... Everyone only buys these few when they gather in the currency circle, because there is no choice for anything else.
Later, the mad cow of 17 years came, and NEO rose 1,000 times, and the others at least increased dozens of times.
Looking at U.S. stocks now, there are only seven or eight "currency stocks" with a market value of more than 3B, and most of them have only one target for each track. Want to buy an exchange? Only Coinbase. Want to match Bitcoin? Only MicroStrategy. Want to match stablecoins? Circle is one of the best.
A lot of people say that Circle's valuation is too high. But when the whole market is a stablecoin target, do you want to configure this track, not on the top of high PE?
The current "coin stock" market is like the cloud currency network in 2017.
The subject matter is scarce, the liquidity is concentrated, the narrative is highly focused, and everyone is holding a basin of water and pouring water into the same pool.
Show original
12.45K
8
Litecoin
A man after my decentralized heart. Bring on LTC Summer.
Aztec (The Aggregated)👿
**LTC Summer Is Coming: My Story**
In the beginning... JK. (We'll keep it short)
My early research into LitVM led me down a rabbit hole that transformed my perspective on hard money and Web3.
For years, I have contemplated my findings, which ultimately inspired me to co-found LitVM alongside many legends in their respective areas.
Litecoin was my first cryptocurrency purchase. Shortly after, I developed a strong interest in privacy coins. Then I moved on to Cardano, and ultimately, Polygon, which I had the opportunity to help incubate.
Polygon stood out to me because of Ethereum’s potential. There is no scenario in which Ethereum scales effectively without Layer 2 solutions, especially if mass adoption occurs.
Cardano was not scaling quickly enough, and the DeFi and dApps ecosystems required a faster, cheaper platform to flourish. This led me to focus on Matic Network (& QuickSwap / DeFi Summer), which later rebranded to Polygon. Years later, I also helped incubate projects within the Cosmos network, as they were at the forefront of interoperability with IBC (Inter-Blockchain Communication).
Then, Polygon began developing a superior interoperability solution called The Agglayer.
All of my experiences have given me a unique perspective on blockchain technology.
But the story doesn’t end there.
I have always been passionate about macroeconomics and understood that hard money is the foundation of our movement. This realization prompted me to research how we could unify the entire industry and protect our movement from the narrative of "all roads lead to centralization, inflation, and war."
My findings indicated that I needed to integrate all the technologies I've worked with to offer humanity a fighting chance.
The result is LitVM, Litecoin's zk Omnichain.
We are building Hard Money Web3, which represents the culmination of my experiences and the best technologies I have worked alongside.
LitVM = LTC + Polygon + BitcoinOS + AggLayer
🟣🟠🔵
21.49K
66
slander.eth
insiders hold ~.3% of Ethereum
insiders hold ~35% of Solana
interesting statistics iwo
RYAN SΞAN ADAMS - rsa.eth 🦄
Most fascinating part of the CLARITY act in the House is the bright line decentralization test.
Pass - token is a commodity ✅
Fail - token likely a security❌
According to chatgpt...
BTC, ETH, LTC, XMR, Doge currently pass.
XRP, BNB, SOL, Tron, Aptos, Sui currently fail.
22.53K
2
Uphold
Altcoin ETF Summer Incoming?
Bloomberg analysts say altcoin ETFs, including XRP, Litecoin, Solana, and Dogecoin, could be greenlit as soon as next month.
💬 Which ETF would you want approved first, and why?
$XRP $LTC $SOL $DOGE
The current price of Litecoin is $90.1600. Since 00:00 UTC, Litecoin has decreased by -1.55%. It currently has a circulating supply of 75,953,977 LTC and a maximum supply of 84,000,000 LTC, giving it a fully diluted market cap of $6.85B. At present, Litecoin holds the 22 position in market cap rankings. The Litecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Developed in 2011 as a fork of the Bitcoin network, Litecoin aimed to improve upon Bitcoin's shortcomings. It was the first altcoin, and its goal was to offer a decentralized peer-to-peer (P2P) currency with faster transaction processing times and lower fees than Bitcoin.
Built with payments in mind, Litecoin outperforms Bitcoin in terms of transaction speed and confirmation time. While Bitcoin can process approximately five transactions per second, Litecoin has a capacity of 56 transactions per second. The network's confirmation time is also significantly shorter, taking approximately two minutes and 20 seconds compared to Bitcoin's, of nearly 10 minutes per block.
Even after over a decade, Litecoin remains committed to providing users with low-cost, private, secure, and borderless payment solutions. Its vision is to enable individuals to send payments anywhere in the world at any time, making it a practical and accessible digital currency for everyday transactions. Litecoin's usage as a payment method has increased over the years, with merchants, including the American Red Cross, Newegg, and Twitch, accepting LTC as payment.
How does Litecoin work
Litecoin was created from the original Bitcoin source code. That said, it has several differences, which make it faster, cheaper, and more accessible. Here are the components that make Litecoin different:
Scrypt hashing
Litecoin was launched with a unique algorithmic architecture called Scrypt. Scrypt uses less processing power than Bitcoin’s SHA-256 algorithm, lowering the entry barriers for miners and promoting network decentralization. Scrypt also protects Litecoin from potential attacks by miners.
SegWit (Segregated Witness)
SegWit was initially proposed for Bitcoin but was first adopted by the Litecoin network. It separates the witness data (digital signature data) from the transaction data, allowing for more transactions to be included in each block and increasing the overall capacity and scalability of the network. The successful implementation of SegWit on Litecoin served as a testbed and paved the way for its subsequent adoption on the Bitcoin network.
MimbleWimble upgrade
Litecoin also launched its highly anticipated MimbleWimble upgrade, which allows for anonymous transactions on the network, similar to other private networks like Zcash (ZEC) and Monero (XMR). MimbleWimble's integration with Litecoin via extension blocks (MWEB) allowed users to conceal transaction information, thereby increasing privacy. The upgrade was released in January 2022 and activated in May.
The MimbleWimble upgrade was first suggested in October 2019 in two Litecoin improvement proposals. Then, in October 2020, the network launched the first MimbleWimble testnet. According to the Litecoin Foundation, the upgrade enhances the network's scalability since the amount of data stored on-chain reduces fungibility.
LTC price and tokenomics
LTC has a capped supply model, with a maximum supply 84 million. This specific cap was chosen so that the last LTC would be mined in 2142. Like BTC, LTC operates on a Proof of Work (PoW) consensus mechanism, producing new tokens exclusively through mining. Every four years, LTC undergoes a halving to reduce the rewards earned by miners.
LTC has a wide range of use cases. As the native token of the network, LTC is used to pay transaction fees. LTC can also be used outside the network as a medium of exchange, purchasing goods and services or exchanging for other digital assets, such as non-fungible tokens (NFTs).
About the founders
Litecoin was founded in 2011 by Charlie Lee, an MIT graduate and former software engineer at Google. Lee played a key role in the development and launch of Litecoin. In 2013, he joined Coinbase, one of the largest cryptocurrency exchanges, where he served as the Director of Engineering. In 2017, Lee made the decision to leave Coinbase to focus on the full-time development and advancement of Litecoin.
Lee is also the director of the Litecoin Foundation, a Singapore-based non-profit organization that works towards the growth and adoption of LTC. In December 2017, Lee sold his entire stake in Litecoin, saying it was a conflict of interest for him to talk about the cryptocurrency while influencing it.
Since its inception, the Litecoin team has grown and expanded to include more core developers. This dedicated team works on improving and maintaining the Litecoin network, ensuring its security, scalability, and overall functionality.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6.5K new posts about Litecoin, driven by 2.1K contributors, and total online engagement reached 805K social interactions. The sentiment score for Litecoin currently stands at 85%. Compared to all cryptocurrencies, post volume for Litecoin currently ranks at 1461. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Litecoin.
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Posts
6,505
Contributors
2,133
Interactions
805,459
Sentiment
85%
Volume rank
#1461
X
Posts
5,573
Interactions
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Sentiment
86%
Litecoin FAQ
What is Litecoin halving?
Litecoin uses the Proof of Work consensus mechanism, where miners solve a complex mathematical problem to win the chance to verify transactions and create a block. These miners receive mining rewards for their efforts. During each halving, the mining rewards are reduced by 50 percent to slow the creation of new tokens. For example, after the second halving in August 2019, the mining rewards were reduced to 12.5 LTC from 25 LTC.
Where can I buy Litecoin (LTC)?
Easily buy LTC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include LTC/USDT, LTC/USDC, LTC/ETH and LTC/BTC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into LTC, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How is Litecoin different from Bitcoin?
Litecoin was developed from a fork in the Bitcoin network and, therefore, uses Bitcoin's source code. However, Litecoin differs from Bitcoin in several ways, including transaction processing speed, fees, and privacy. Litecoin can process 54 transactions per second compared to five transactions processed per second on the Bitcoin network. Because of the speed of transactions, each new block on the Litecoin network is generated in about 2 minutes and 20 seconds, compared to 10 minutes on Bitcoin. Transaction fees on Litecoin are also comparatively lower than Bitcoin. Additionally, after the MimbleWimble upgrade, Litecoin offers greater privacy and scalability than Bitcoin.
How much is 1 Litecoin worth today?
Currently, one Litecoin is worth $90.1600. For answers and insight into Litecoin's price action, you're in the right place. Explore the latest Litecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Litecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Litecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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