STELLAR
STELLAR
Coin: LITECOIN (LTC)
Litecoin is a decentralised, open-source payments system established in 2011, allowing users to send and received digital currency, much like Bitcoin.
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Tokenomics
Refers to the strength of the tokens supply and demand dynamics.
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Security
Refers to how prone the blockchain is to attacks from various sources.
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Scalability
Refers to the blockchains ability to support increasing loads of transactions over time.
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Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
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Applications
Refers to how well the projects core functions solve on and off chain problems.
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Team & Developers
Refers to the experience, knowledge and strength of the projects core team & developer community (ie. Github).
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Usage & Adoption
Refers to how widely used and adopted the projects core applications are by the broader economy.
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Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
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Overall Rating
Refers to the combined rank computed as a simple average.
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Investors:
Digital Asset Capital Management, IOSG Ventures, Hard Yaka, 2020 Ventures, TRGC, Limniscap, Robot Ventures, UniValues Associates, Hashkey, Yield Ventures.
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Litecoin was founded in 2011 by former google software engineer Charlie Lee. Litecoin was one of the earliest cryptocurrency’s and has been known as one of the markets first Altcoins. This is because Litecoin was a fork of Bitcoin and inherited many characteristics of Bitcoin such is open source code for a global payments network not controlled by a central authority. Hence the Charlie lee actually described Litecoin as a, “lite version of Bitcoin.” Litecoin has also been branded as the Digital Silver to Bitcoin’s Digital Gold, due to its lower transaction costs and faster speeds.
Litecoin’s strength lies in it’s ties to Bitcoin and its tenure on the market, with currency being supported by Paypal, partnerships with Visa 15,000 Litecoin ATMs and 50 million merchants worldwide. Litecoin is 84 million with only a proportion of which currently in circulation, with mining rewards halved every four years and does not share a genesis coin with Bitcoin. Coverage of Genesis is brought to you by Platypus Terminal.
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