Litecoin News

Litecoin is an altcoin that was created by Charlie Lee, a former Google employee, in 2011 as a lighter version of Bitcoin. Its main use-case is as a decentralized peer-to-peer digital currency for low-cost and censorship-proof payments anywhere in the world.

Litecoin is a fork of the Bitcoin client, with modifications to its block generation time making its transactions quicker than BTC’s. Litecoin also has a larger maximum supply and uses the Scrypt hashing algorithm instead of SHA-256 which Bitcoin uses. Litecoin is designed to be a currency for commerce that’s complementary to Bitcoin.

Litecoin, which uses the ticker “LTC,” is one of the top 10 cryptocurrencies by market capitalization. LTC is listed on all major crypto exchanges, including Binance and Coinbase, where users can buy, sell, and trade Litecoin easily. LTC’s price is known for being extremely volatile similar to most other cryptocurrencies.

The Litecoin Foundation, a non-profit organization, was set up to promote and advance Litecoin’s use in society through the development of state-of-the-art blockchain technologies. Its board of directors includes blockchain industry professionals like Xinxi Wang, Franklyn Richards, Zing Yang, and the Litecoin creator Charlie Lee.

The Litecoin Foundation also works closely with and financially supports the Litecoin Core development team, which includes all the developers of the Litecoin project. The Litecoin Foundation raises money through donations, partnerships, and the sale of merchandise. All funds raised are used directly for key Litecoin Foundation initiatives and the development of Litecoin. None of the directors receive a salary for their contributions.

The Litecoin Foundation recently teamed up with some major sports organizations to boost the awareness and adoption of Litecoin as a currency. Litecoin became the first crypto to sponsor a UFC event, and it is also the official cryptocurrency of the NFL’s Miami Dolphins.

Here at [blokt], you can stay up to date with the latest Litecoin news as it happens. [blokt] is at the forefront of cryptocurrency news, and will report on all the most recent developments for Litecoin and other leading cryptocurrencies.


Litecoin Just a ‘Glorified Testnet of BTC?’ Charlie Lee Won’t Take...

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Litecoin Is Off to Hollywood to Sponsor the Mammoth Film Festival

After its partnership with the UFC, Litecoin Foundation announced it will sponsor the 2nd annual Mammoth Film Festival that starts today at Mammoth Lakes,...

Swiss Private Bank Introduces Direct Transfers of Bitcoin, Litecoin, Ether &...

Falcon, a private bank from Switzerland announced on January 21 that it is launching support for direct transfers of select digital currencies. The service will be...

Litecoin vs Ethereum: Which is Packing More Heat in 2019 [Technologically...

After kicking off 2018 with a bang, cryptocurrencies tumbled like a house of cards by the end of the year. The fallout was so...

A New Litecoin Whale Moves 60% of Coin’s Market Cap in...

A new Litecoin whale has emerged out of the blue. On November 30, about 35.4 million LTC, which accounts for 60% of the coin’s...

How Could Over a Million Clover POS Stations Integrate Litecoin and...

Jon Moore, VP of Nationwide Merchant Solutions, discovered a way to integrate Litecoin and Bitcoin support buttons as a payment means across more than...

Gemini Offers 4 New Trading Pairs After Adding LTC Support; Temporary...

Word has just come in that cryptocurrency exchange Gemini received the requisite regulatory approval to add Litecoin trading to its platform. The boutique digital...

Litecoin, the “Digital Silver,” Is Actually Undervalued, Claims an eToro study

If Bitcoin is the digital equivalence of gold, which cryptocurrency would qualify for the honorary title of the “digital silver?” For the analysts at...

Litecoin Foundation Partners With TokenPay and Acquires 9.9% of a German...

Decentralized payment platform TokenPay transferred to Litecoin its 9.9% equity share in the German WEG Bank AG, setting the basis for a strategic partnership...

Litecoin Adoption Spreading, Surf Air Is the Latest

Charlie Lee's digital currency was in the spotlight throughout May. After partnering with Abra and Bookmaker, Litecoin is now usable at VRPorn, TapJets and...

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