Litecoin (LTC) Faucet List-- Last Updated: --

The Litecoin cryptocurrency (LTC): digital silver

Launched in 2011 by Charles Lee, a former Google employee, Litecoin was born from the merger of the original code of Bitcoin and that of Fairbrix, an old failed altcoin. Being one of the oldest cryptocurrencies, it was for a long-time number two in terms of value and capitalization, ending up being called silver in reference to BTC gold.

The most obvious difference with the latter is that the Litecoin, as the name itself says, is characterized by a greater lightness of the currency, thanks to the excellent speed of transactions and economic commissions. Specifically, the technical characteristics of Litecoin are: a maximum amount of coins equal to 84 million, a block generation time of only 2.5 minutes and a mining algorithm other than the SHA-256, called script.

In addition, Litecoin was also the first cryptocurrency among the most capitalized to adopt SegWit (Segregated Witness) technology, which allows to eliminate some less relevant details of transactions, in fact allowing the inclusion of more of them within a single block and thus increasing their speed of confirmation.

How to mine Litecoin

At this time undermining Litecoin does not appear to be very profitable, as specially made FPGA and ASIC devices are much more complicated to configure and expensive, waiting for the use of proof of work algorithm, scrypt.

GPTs to earn Litecoin for free

In addition to mining and faucets, Litecoins can also be earned for free by watching videos, doing easy tasks, answering surveys, or typing data.

In the table below are the GPT (Get Paid To) sites that, among the many supported cryptocurrencies, allows you to receive rewards also in Litecoin.

Litecoin online wallets

Exchanges that trade Litecoin