Coin of the Week – Litecoin
- Post by: bag2q
- 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.
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