Why do many people call Litecoin “digital silver”?
This is how I understand it: Litecoin has long been seen as a “testing ground” for new Bitcoin technologies. For example, Segregated Witness (SegWit) was first activated on Litecoin in 2017.
Litecoin uses the Scrypt proof-of-work algorithm, with a target block time of about 2.5 minutes—one-quarter of Bitcoin’s.
My rule of thumb: a halving only reduces the rate of new supply. How the price moves still depends on market demand, and there is often a lot of volatility around halvings.
The total supply cap of $LTC is 84 million coins, exactly four times Bitcoin’s.
#LTC
This is how I understand it: Litecoin has long been seen as a “testing ground” for new Bitcoin technologies. For example, Segregated Witness (SegWit) was first activated on Litecoin in 2017.
Litecoin uses the Scrypt proof-of-work algorithm, with a target block time of about 2.5 minutes—one-quarter of Bitcoin’s.
My rule of thumb: a halving only reduces the rate of new supply. How the price moves still depends on market demand, and there is often a lot of volatility around halvings.
The total supply cap of $LTC is 84 million coins, exactly four times Bitcoin’s.
#LTC