The first altcoin, those coins which represented a spinoff of Bitcoin, to be introduced was Litecoin. Conceived within two years of the release of Bitcoin, Litecoin was released to the public in October 2011 by a Google employee and former Engineering Director at Coinbase. A Litecoin design is represented in the Crypto Commemorative collection from Heads or Tales Coins and Collectibles. Now, the 1 oz Silver Antique Crypto Commemorative Litecoin Round is available to you for purchase online at Silver.com.
- Rounds ship to you inside of protective plastic capsules with a Certificate of Authenticity included!
- One of six issues in the Crypto Commemorative series from Hotco!
- Unique serial numbers!
- Mintage limited to 1,000 rounds only!
- Consists of One Troy ounce of .999 fine silver.
- Litecoin’s symbol features on the obverse of the round.
- Reverse includes the common design element for the series.
- Antique silver round.
Litecoin was released by Charlie Lee, the Google employee behind its development using an open-source client on GitHub. The network for Litecoin went live on October 13, 2011, and utilized a fork from the Bitcoin Core client. The primary difference between Litecoin and Bitcoin is the decreased block generation time for Litecoin.
Block generation timing for Litecoin takes 2.5 minutes, compared to 10 minutes for Bitcoin. The idea was to make Litecoin faster for transaction processing. That was proven successful in May 2017 when the first Lightning Network payment completed with Litecoin transferred .00000001 LTC was transferred to Zurich to San Francisco in under one second.
On the obverse side of the 1 oz Silver Antique Crypto Commemorative Litecoin Round is the image of the currency’s symbol. Litecoin uses the capital letter “L” with an angled-horizontal line struck through the vertical arm of the “L” as its official symbol. For trading purposes, Litecoin is referred to by the shortcode of LTC.
Compared to other forms of crypto currency, Litecoin has not taken off to the same heights. It was among the top five currencies by market cap as recently as May 2017, but today Bitcoin, Ethereum, Ripple, and Bitcoin Cash make up the dominant crypto currencies when market cap is taken into consideration. Even from a value standpoint, Litecoin’s recent valuation around $90 (USD) is significantly lower than other leading forms of crypto currency.
The reverse face of all the silver rounds in the Crypto Commemorative collection from Hotco share the same design element. You’ll find this networking-themed design on Bitcoin, Bitcoin Cash, and Ethereum releases as well.
These 1 oz Silver Antique Crypto Commemorative Litecoin Rounds are available with protective plastic capsules and accompanied by a Certificate of Authenticity. The antique finish delivers a brushed, matte appearance to the rounds.
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