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Litecoin

A peer-to-peer cryptocurrency offering faster transactions with an alternative blockchain hashing algorithm than Bitcoin.

by Solodev

Deploy your own decentralized, open source network in the cloud with Litecoin and maintain central authority on an alternative chain. Use our industry-leading dashboard to visualize global peer traffic, control your ban list, and track insights with your Litecoin blocks while accessing your wallet. 

In addition to its peer-to-peer cryptocurrency features, Litecoin delivers some key blockchain advantages, including:

  • Faster Transaction Speed: Litecoin’s block generation time is 2.5 minutes (compared to Bitcoin’s 10 minutes). This faster block time allows for quicker transaction confirmations, making Litecoin more practical for day-to-day transactions.
  • Scrypt Algorithm: Litecoin uses a different mining algorithm called Scrypt, as opposed to Bitcoin’s SHA-256. Scrypt is designed to be less resource-intensive, making it more accessible to a broader range of miners. This reduces the influence of specialized mining hardware (like ASICs) and allows for a more decentralized mining network.
  • Higher Supply Limit: Litecoin has a maximum supply of 84 million coins, four times more than Bitcoin’s 21 million cap. This higher supply can make Litecoin more accessible and potentially less subject to scarcity-driven price volatility.
  • Decentralized and Open Source: Like Bitcoin, Litecoin is a decentralized, open source network that operates without a central authority. The Litecoin community actively supports its development, and its code is publicly available, which promotes transparency and community trust.

Pricing and installation

Litecoin Logo

Litecoin Quickstart

  • Faster transaction times than Bitcoin
  • Lower transaction fees
  • Decentralized and secure
  • Limited supply of 84 million coins

Litecoin is governed by Solodev terms and policies.

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