Litecoin (LTC)

Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide. As an open-source global payment network that functions independently of central banks or intermediaries, its main value proposition lies in providing a scarce digital asset with a fixed maximum supply of 84 million tokens. The network operates using a Proof of Work mechanism where computers solve complex puzzles to confirm transactions and secure the blockchain. It is distinguished by a block generation time of 2.5 minutes, which allows for faster transaction confirmations and a higher total throughput than earlier protocols. Key technical features include the Scrypt hashing algorithm, which promotes wider network participation, and MimbleWimble Extension Blocks, which improve user privacy by allowing transaction details to be hidden. The LTC token is used for settling global payments, executing microtransactions through smaller units called litoshis, and diversifying digital portfolios with a highly liquid asset.

Description from CoinGecko.

Coin details

Name

Litecoin

Symbol

LTC

Market cap rank

#24

Category

Infrastructure, Smart Contract Platform, Layer 1 (L1)

Runs on

Its own blockchain

Hashing algorithm

Scrypt

Block time

2 min

Launched (genesis)

8 Oct 2011

Circulating supply

77,819,005 LTC

Max supply

84,000,000 LTC

Price in INR

₹4,604.36

Tax in India

30% on gains + 1% TDS on sale

Website

litecoin.org

Whitepaper

crypto-risk-metrics.com/wp-content/uploads/2025-04-22-White-paper-Litecoin-FFG-D74JZ1VRD.pdf

Explorer

blockchair.com/litecoin

X (Twitter)

x.com/LTCFoundation

Reddit

reddit.com/r/litecoin

GitHub

github.com/litecoin-project/litecoin