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par | Sep 2, 2025 | Cryptocurrency service

MeLite MLITE Trading Prices Today, Live Chart , Market Trades & Cap, Volumes, Top Gainers & Losers, Token, News

From the very first day, the goal was for the site to be the number one location online for crypto market data, and we work hard to empower our users with our unbiased and accurate information. Litecoin is a cryptocurrency created from a fork of the Bitcoin blockchain but with several changes. It is faster, will have more coins available, and uses a different hashing algorithm than Bitcoin. The Litecoin blockchain is capable of handling higher transaction volume than its counterpart – Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.

  • By making Litecoin’s consensus algorithm memory intensive, Lee sought to thwart the hardware arms race, though in practice, that didn’t happen as ASIC designers found a way to make Scrypt miners.
  • Basically, PoW requires that one party proves to all the other participating parties in the network that a required amount of computational effort has been expended.
  • Litecoin is an open source, global payment network that is fully decentralized without any central authorities.
  • As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
  • Some effects of the upgrade became rather apparent when several South Korean exchanges started delisting Litecoin from their platforms shortly after the MWEB upgrade went into effect.

Some Exchanges Delist LTC After MimbleWimble Upgrade

Our API enables millions of calls to track current prices and to also investigate historic prices and is used by some of the largest crypto exchanges and financial institutions in the world. CoinMarketCap also provides data about the most successful traders for you to monitor. We also provide data about the latest trending cryptos and trending DEX pairs. Here at CoinMarketCap, we work very hard to ensure that all the relevant and up-to-date information about cryptocurrencies, coins and tokens can be located in one easily discoverable place.

Litecoin (LTC) vs MeLite (MLITE)

A huge proportion of the value created and stored in cryptocurrency is enabled by smart contracts. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin.

What Is an NFT?

When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.

  • We also provide data about the latest trending cryptos and trending DEX pairs.
  • To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose.
  • Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
  • Bitcoin’s dominance is currently 57.78%, an increase of 0.33% over the day.
  • CoinMarketCap also provides data about the most successful traders for you to monitor.

The live Litecoin price today is $109.15 USD with a 24-hour trading volume of $583,948,462 USD. The current CoinMarketCap ranking is #21, with a live market cap of $8,323,524,072 USD. Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

At the time, the Litecoin developers aimed to further focus on improving anonymity between senders and receivers. Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs, and can be exchanged for U.S. dollars (USD), Korean won (KRW), euros (EUR) and more. Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs, and can be exchanged for U.S. dollars (USD), Korean won (KRW), euros (EUR) and more when you buy Litecoin.

The global crypto market cap is $3.75T, a 0.81% decrease over the mlite coin last day. As of May 2024, there were no projects listed on Litecoin’s website or GitHub page. The Litecoin Foundation Github page shows activity in its LiteWallet for Android and iOS and other projects not related to the Litecoin core blockchain or network.