Litecoin (LTC) is a Bitcoin (BTC) fork created by Charlie Lee in 2011. The network has a target block time of two minutes and 30 seconds, a four-fold increase in total supply, and uses a different Proof of Work consensus algorithm called Scrypt. The crypto asset is up more than 180% from December lows but remains down 84% from a record high set in December 2017. The market cap currently stands at US$3.59 billion with US$1.33 billion in exchange-traded volume over the past 24 hours. LTC has outperformed most cryptocurrencies and assets since the beginning of the year on exuberant volume and price action. This suggests an end to the slow bleed bear market that was most of 2018. Read the entire in depth analysis on Brave New Coin

Karen Holleran

Karen Holleran Editor @aikarensf Karen is a proud third generation San Franciscan, and has worked in various positions including developer relations, winemaking, freelance writing, and as a teaching assistant for autistic children. She is passionate about disruptive tech, artificial intelligence, cryptocurrencies, and blockchain technology. She is excited at how these technologies can improve the quality of life for people globally. When Karen isn’t busy discovering new things, you can find her enjoying the diversity of the Bay Area, keeping up to date on the latest tech news, or relaxing at home with her beloved rescued cat.

View all posts

Stay Updated FinTech Silicon Valley

Subscribe FinTech Silicon Valley youtube

Our Latest Podcasts

Follow us on Twitter

%d bloggers like this: