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Introduction to LTC 

LTC (Litecoin) is a peer-to-peer digital currency built on a distributed ledger. 

Inspired by Bitcoin, its founder Charlie Lee designed Litecoin in 2011, drawing on the implementation principles of Bitcoin technology. Litecoin features faster transaction confirmation times and improved storage efficiency than the bitcoin cryptocurrency system. Learn more

 

LTC Wallet

LTC wallet can help manage your LTC assets, including balance inquiry, transfer, etc... The most important component for a wallet is the private key. Once you control the private key, you can control the assets at the corresponding LTC wallet address.

🔸Wallet

  • imToken on Mobile - Provides secure and trusted digital asset management services to millions of users 
  • imKey Hardware Wallet  - Safe and easy to use, protect your digital asset and say no to token theft from now on!

🔸Before creating a wallet, please learn how to backup your wallet

 

LTC Trading

You can get LTC in various ways. The easiest way is to buy. There are many cryptocurrency exchanges on the market that allow you to buy LTC, but users need to choose the preferred exchange according to location and payment method.

Before buying LTC, try to understand the purchase methods & risks here, so that you can complete the purchase process in a safer and quicker way.

🔸Exchanges that support the purchase of LTC

  • Coinbase
  • Binance
  • Huobi
  • ...

 

Use 

LTC Address Format

The following describes the three common LTC address formats. imToken currently supports the first two address formats.

🔸P2PKH address format (supported by imToken)

The address in P2PKH format (Pay to Public Key Hash) starts with L, which is equivalent to the address starting with 1 in BTC. P2PKH address format example: LhyLNfBkoKshT7R8Pce6vkB9T2cP2o84hx

🔸P2SH-P2WPKH address format (supported by imToken)

The address in P2SH-P2WPKH format (Pay to Script Hash-Pay to Witness Public Key Hash) starts with M, which is equivalent to the address starting with 3 in BTC. 

🔸P2SH-P2WPKH address format:

MR5Hu9zXPX3o9QuYNJGft1VMpRP418QDfW

🔸Native SegWit address format (not supported by imToken yet)

Native SegWit format addresses begin with ltc, which is equivalent to addresses beginning with bc in BTC. 

Native SegWit address format: ltc1qum864wd9nwsc0u9ytkctz6wzrw6g7zdn08yddf

 

LTC Transaction

Please make sure that your LTC wallet has sufficient assets and the balance is enough to cover the miner fees required for the transfer. 

🔸LTC transactions tutorial:  

🔸You may encounter the following conditions: 

 

LTC Mining

Anyone can participate in LTC mining. The essence of mining is to process transactions by calculating hashes, to ensure the security of the LTC main network and to keep the account information of the entire network consistent.

 

Study

Release time: 2011-11-09

Consensus mechanism: PoW

Total amount issued: 84,000,000

Total circulation: 64,472,400

Block reward: 12.5 LTC

Block speed: about 2.5 minutes / block

LTC Price

 

LTC Block Explorer

LTC Block Explorer is a web tool that provides detailed information about LTC blocks, addresses, and transactions. 

 

LTC News