Coin of the Week – Litecoin
- Post by: bag2q
- November 26, 2020
- Comments off
26 November 2020.
After crazy last weeks for the cryptomarket, it seems like the hype is over. Litecoin lost a lot of value which was gained over the past weeks and is currently trading at $74.70 and is down by -10.20% against the US Dollar over 7 days.
- Volume of Bitwise verified 10 exchanges (last 24hrs): $569,631,098.52
- Active Addresses (7 day average): 125.04214K
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.