LTC (Litecoin) | Cryptocurrency In Singapore

Litecoin is an open-source cryptocurrency that is one of the largest cryptocurrencies in the world by market cap. Originally founded in Singapore by ex-Googler Charlie Lee, Litecoin is well-known for having markedly faster transaction times than Bitcoin – in some cases, its network is 3-5 times as fast. Its nonprofit arm, the Litecoin Foundation, is also headquartered in Singapore and organizes community meetups and events around the region on a regular basis. Its charter is to advance Litecoin for the benefit of society, and identify new nonprofit and commercial use cases for its technology.

What Is Litecoin?
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

 

Community

 Find support across a growing number of Litecoin communities:

Resources

Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
Up-to-date network statistics can be found at Litecoin Block Explorer Charts.
Source code for Litecoin Core and related projects are available on GitHub.

Open Source Software

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Blockchain

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

Wallet Encryption

Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.

Mining Reward

Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).
The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

Litecoin Foundation Ltd -

111 North Bridge Road, Singapore 179098

Official website: https://litecoin.org

Litecoin App
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Litecoin Core for Windows
Litecoin Core for Mac OS X
Litecoin Core for Linux
Litecoin for Android
Electrum Litecoin
Litecoin Core Github

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Additional Features
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Forum
Foundation

Litecoin Explorer

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Social Media
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Twitter
Reddit
Telegram

LTC Coin

Litecoin (LTC) is a peer-to-peer cryptocurrency. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

Total Supply: 80,000,000
Circulating supply: 63,374,992

Litecoin is different in some ways from Bitcoin.

  • The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. The developers claim that this allows Litecoin to have faster transaction confirmation.[5]
  • Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.