Cryptocurrency Q&A
What is the block time for Litecoin?
What is the block time for Litecoin?
BitcoinBaronGuard
Mon Dec 02 2024
|
7 answers
1497
Litecoin, created in 2011 by Charlie Lee, is a cryptocurrency known for its fast transaction speed. Its block time, which refers to the average time it takes to generate a new block in the Litecoin network, is approximately 2.5 minutes. This quick block generation allows for faster transaction confirmations compared to some other cryptocurrencies.
7 answers
ZenBalance
Wed Dec 04 2024
Litecoin aims to achieve a block time of 2.5 minutes.
Was this helpful?
276
82
Tommaso
Wed Dec 04 2024
This is significantly shorter compared to Bitcoin's block time.
Was this helpful?
336
41
Bianca
Wed Dec 04 2024
Bitcoin takes 10 minutes to mine a new block.
Was this helpful?
250
93
HanRiverVisionaryWave
Wed Dec 04 2024
Due to this difference in block time, Litecoin can process transactions quicker.
Was this helpful?
100
38
Skywalker
Tue Dec 03 2024
Litecoin can confirm transactions at a much faster rate.
Was this helpful?
104
66
Load 5 more related questions
