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Details

Package ID
litecoin
Version
0.13.2
Downloads
474
Website
https://litecoin.org/

Summary

Decentralized, peer-to-peer (P2P) transactional system which achieves consensus via distributed computing

Description

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.

Litecoin is a fork of Bitcoin. The modifications to the network protocol are:

  • scrypt as the proof-of-work algorithm
  • 2.5 minute block targets
  • subsidy halves in 840k blocks (~4 years)
  • ~84 million total coins

The rest is the same as Bitcoin:

  • 50 coins per block
  • 2016 blocks to retarget difficulty

Disk Requirements - Litecoin blockchain (public transactional database) size

  • As of 21 January 2017, the total size of the LTC blockchain was 5.38 GB

Previous Version Compatibility - Litecoin blockchain hard-forks

  • https://litecoin.info/alerts

Litecoin node distribution

  • https://www.litecoinpool.org/pools

Community

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