Coin of the Week  – Litecoin

  • Post by:
  • January 14, 2021
  • Comments off

14 January 2021.

After the big dip at the beginning of the week, a lot of cryptos have recovered, but not Litecoin. It is currently trading at $147.88 and is down by -12.93% against the US Dollar over 7 days.

  • Volume of Bitwise verified 10 exchanges (last 24hrs): $762,673,692.59
  • Active Addresses (7 day average): 157.43929K

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.

Join the Community

Learn more about Konfidio and how we’re accelerating the adoption of disruptive technologies to build a more decentralized future.