Litecoin

LTC Launched 2011 source

What this page is: neutral, sourced facts about Litecoin. Every line links where it was checked. 9 facts, 1 from primary sources. Educational, not financial advice.

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Launch

Released Oct. 7, 2011; the Litecoin Network went live Oct. 13, 2011. secondary source source

Founders and creators

Created by Charlie Lee, a former Google employee. secondary source source

Origin story

A fork of the Bitcoin blockchain. secondary source source

Stated purpose

Litecoin is a digital currency purpose-built for everyday use, launched in October 2011. primary source source

Consensus mechanism

Litecoin uses a scrypt-based proof-of-work system, targets a block interval of 2.5 minutes, and has a maximum supply of 84 million litecoins. secondary source source

Supply model

Maximum supply of 84 million LTC. secondary source source

Main uses today

The LTC token is used for settling global payments and executing microtransactions through smaller units called litoshis. secondary source source

Key milestones

The MimbleWimble upgrade was first proposed in November 2019 through a Litecoin Improvement Proposal. secondary source source

Notable events and controversies

In September 2021, a fake press release was published on GlobeNewswire announcing a partnership between Litecoin and Walmart. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

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