litecoin
Litecoin
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee and released in October 2011 as a fork of Bitcoin. It shares many underlying principles with Bitcoin but differs in its technical design to achieve faster transaction confirmation times and a different hashing algorithm. Key characteristics include:
- Algorithm: Scrypt-based proof-of-work (in contrast to Bitcoin’s SHA-256).
- Block time: Approximately 2.5 minutes, four times faster than Bitcoin’s 10-minute blocks.
- Supply: Maximum of 84 million coins (four times Bitcoin’s 21 million cap).
- Purpose and use: Designed for faster, cheaper digital payments and as a complementary alternative to Bitcoin within the cryptocurrency ecosystem.
Related Bitcoin addresses:
Total 8 addresses.