Download Trust Wallet for Litecoin (LTC) The mobile ứng dụng works with several crypkhổng lồ tokens & blockchain wallets. With Trust Wallet, you are in control over your funds. Receive, skết thúc, store và exchange your cryptocurrency within the Smartphone interface.
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What is Litecoin
Litecoin is a proof of work cryptocurrency created by Charlie Lee in 2011 khổng lồ be a “silver” compared khổng lồ the “gold” of Bitcoin. Designed for everyday use, Litecoin features an average bloông xã time of 2.5 minutes, as opposed to Bitcoin"s 10, As a consequence, Litecoin has a maximum total supply that will cap out at 84 million as opposed to lớn 21 million for Bitcoin.
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How Does Litecoin work và where can I get a Litecoin Wallet?
Litecoin is mined using the Scrypt algorithm, which is more memory intensive in comparison khổng lồ Bitcoin"s SHA256. Furthermore, Scrypt requires a lower hashrate, which allows for Litecoin’s faster blochồng times. In creating Litecoin, Charlie Lee didn’t try to lớn reinvent the wheel. Drawing inspiration from Trust Wallet và other Trust Wallet successors, Lee crafted Litecoin to lớn st& on the shoulders of Trust Wallet.Perhaps the first fork of Trust Wallet that is still alive, Litecoin was designed khổng lồ be complimentary, rather than antagonistic, khổng lồ Litecoin. The usage of Scrypt instead of SHA256 was the key difference, but Litecoin is still a blockchain secured by proof-of-work. In using a different algorithm that rewarded different computing resources - miners could choose to mine both Litecoin và Trust Wallet, rather than stiông xã with just one. Trust Wallet is more than just a Litecoin wallet, you can use Trust Wallet khổng lồ replace your current Litecoin wallet by installing the Trust Wallet ứng dụng today!
Litecoin Addresses
With the shorter bloông chồng period, Litecoin is more functional for everyday payments, as a merchant doesn’t want lớn wait 10 minutes to lớn confirm whether or not they have received their payment. The reduction in hashrate intensity originally gave Litecoin an opportunity to be mined by individuals with less computing power. Today, however, companies và teams have sầu created ASICs for Litecoin, albeit at a higher cost than creating ASICs for Bitcoin.
Additional Developments
Rather than just a simple fork, Litecoin also works to adopt developments & additions inspired from discussions surrounding the Bitcoin network, và has actually adopted several key features such as Segregated Witness (SegWit) and the Lightning Network.
Features
Proof-of-work with 2.5 minute block periods.Mined using the Scrypt algorithm.One of the oldest blockchains
