What currency is Litecoin in?

Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs, and can be exchanged for U.S. dollars (USD), Korean won (KRW), euros (EUR) and more. To check Litecoin price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Litecoin currency page.

What is lcoin (LTC)?

LCoin is most commonly referred to as Litecoin (LTC), an open-source software project and a peer-to-peer cryptocurrency. It was released in 2011, only two years after Bitcoin release, by Charlie Lee, a former Google engineer and under the well-known MIT/XX license.

What is a Litecoin halving?

Like Bitcoin, the creation of Litecoin tokens involves a process called mining. For participating in the act of mining, miners are rewarded with Litecoin. A Litecoin halving refers to an instance of halving the amount of Litecoin rewards that miners are given for each block. Litecoin halvings aim to preserve Litecoin’s purchasing power.

How are Litecoins created?

Instead of being regulated by a central bank and coming off the press at the Bureau of Engraving and Printing, Litecoins are created by an elaborate cryptocurrency procedure called mining, which consists of processing a list of Litecoin transactions.