how much will litecoin be worth in 2020
Facts about Litecoin
We are writing here about everything you need to know about litecoin i.e. Facts about Litecoin.
Below are some must-know facts about Litecoin that will help you to understand about litecoins.
Interesting Facts about Litecoins
The truth about litecoin is that Litecoin is mineable cryptocurrency. In 2017 Litecoin traded as high as $375.29 USD
Block Mining Rewards:
Mining Reward will decrease from 25 to 12.5 Coins on 16 Aug 2019 as it gets halves after every 840,000 Blocks.
Litecoin 4 times faster than Bitcoin:
Block confirmation time for Bitcoin is 10 minutes whereas for Litecoin block confirmation time is 2.5 minutes only which means lite coins is 4 times faster than Bitcoin.
More secure than most of the competitors:
Litecoin ensures great security by issuing only 84 million Litecoins. Its mechanism is based on Scrypt algorithm and involves such complex problems (proof of work) to solve a block that would make it difficult for the hackers to break.