$LTC
Litecoin (LTC) Fundamentals Analysis
1. Origin & Purpose – Launched in 2011 by Charlie Lee, Litecoin is a decentralized cryptocurrency designed for fast, low-cost transactions. It serves as a "lighter" alternative to Bitcoin.
2. Supply & Inflation – LTC has a fixed supply of 84 million coins, four times Bitcoin’s supply, with a halving event every four years, reducing block rewards and controlling inflation.
3. Transaction Speed & Fees – Blocks are generated every 2.5 minutes, making transactions faster than Bitcoin. It has low fees, making it ideal for daily transactions.
4. Security & Network – Uses Proof-of-Work (PoW) with the Scrypt hashing algorithm, ensuring a secure and decentralized network.
5. Adoption & Use Cases – Accepted by merchants and integrated into payment processors. LTC is also used in cross-border transactions and decentralized applications.
6. Development & Innovations – Supports MimbleWimble privacy features, SegWit, and Lightning Network, enhancing scalability and privacy.
7. Market Performance – LTC remains a top cryptocurrency by market cap with strong liquidity and institutional interest.