Coin of the Week – Litecoin
- Post by: bag2q
- July 3, 2020
- Comments off
3 July 2020.
This week Litecoin has underperformed Bitcoin by 3.09% while also under performing the US Dollar by 4.08%.
- Trading volume (last 24hrs): $ 68,572,204.99
- Transaction Volume (Adjusted 7 day average): $ 20 Million
- Active Addresses (7 day average): 74.6 K
Litecoin is a fork of Bitcoin’s codebase with faster block times as well as larger supply.
Litecoin intended to be a peer to peer Internet currency that enables instant, near zero cost payments to anyone in the world.
The project considers itself complementary to Bitcoin much like a silver to Bitcoin’s gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin. The project is open source and aims to be a fully decentralized global payment network without the presence of central authorities in the network.
Read more about Litecoin’s latest update here
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