Litecoin similarly has a different supply than Bitcoin. Rather than the 21 million supply cap of BTC, Litecoin has an 84 million cap. Litecoin also deploys the Scrypt hashing algorithm, which is slightly different from Bitcoin’s SHA-256 algorithm.
litecoin ltc wallet
How to manage your litecoin ltc wallet

Litecoin (LTC)

Despite their minute technical differences, Bitcoin and Litecoin are often viewed in a similar light, with Litecoin the ‘little brother,’ so to speak. Over the years, Litecoin has consistently remained within the top 10 of cryptocurrencies by market cap, in large part as a sort of experimentation ground for upgrades that would be compatible with Bitcoin.

Charlie Lee has been a publicly available and an active cryptocurrency proponent for years in major social media forums, and he was also an early engineer at major U.S. cryptocurrency exchange Coinbase.

Litecoin’s Unique Position in the Crypto World

Litecoin has a similar scope as Bitcoin, and as such, LTC are sometimes viewed as a dilution of BTC due to the similarities of the networks. However, Bitcoin has long been drastically higher in spot price than Litecoin and retains a much larger development, mining, and user community.

The position of Litecoin as in the shadow of Bitcoin has afforded it some unique opportunities, however. Where Bitcoin’s development takes a much more tempered and conservative approach, Litecoin can be more liberal. For example, Charlie Lee sparked speculation earlier this year that Litecoin would be adding Confidential Transactions (CTs) to its network for better privacy along with its exploration of Mimblewimble with BEAM -- a privacy-oriented cryptocurrency.

Similarly, Litecoin has undergone development work with the Lightning Network, Bitcoin’s second layer scaling solution that is also compatible with Litecoin. For example, CoinGate launched a pilot run for the Lightning Network on Litecoin with CoinShark, and the network has proved a useful experimentation ground for atomic swaps -- cross-chain asset swaps.

Over 100 plus integrated crypto currencies and 200,000 plus ERC20 tokens directly in OPOLO wallet.

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