Coin of the Week  – Litecoin

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  • July 3, 2020
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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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