Litecoin (LTC) is a peer-to-peer cryptocurrency similar in nature to Bitcoin (and hard-forked from it) but with some important differences. It is also an open source software project.
07 October 2011 – the date on which Litecoin was released, added as an open-source client on GitHub by its creator, Charlie Lee (a former Google employee).
2.5 minutes – the target interval for blocks on the Litecoin Network to be processed, four times faster than bitcoin (which has an interval of around 10 minutes).
84 million – the total number of coins that the Litecoin Network will release, a four-fold increase over bitcoin’s 21 million maximum.
62.40% – the percentage of total Litecoins mined as at mid-August 2017.
$0.07 – the value of a Litecoin at the beginning of 2013.
$23 – the value of a Litecoin at the end of 2013, a 328-fold increase.
$1 billion – the market capitalization Litecoin exceeded in November 2013, a breakout month in a breakout year for the cryptocurrency.
0.8.5.1 – the Litecoin software version released that same month, bringing with it improved network security as well as a number of fixes for vulnerabilities.
100% – the amount by which the value of Litecoin jumped within a single 24 hour period, on 28 November 2013 (the day after Bitcoin passed $1,000 for the first time).
840,000 – the number of blocks mined at which the block mining reward reduces by 50% (in what is known as “The Halving”).
4 – the number of years it takes to mine this number of blocks. This corresponds with the point at which half of the Litecoin that were then yet to be created as at the last halving have been produced (see diagram below).
42 million – the number of Litecoin in existence at the time of the first block reward reduction.
50 – the number of Litecoin released per block at the outset of mining in 2011.
25 August 2015 – the date of the first halving on the Litecoin network.
25 – the number of Litecoin in the current block reward.
16 August 2019 – the date of the next block reward reduction (currently estimated to occur at 15:38 UTC that day), at which point the reward will halve to 12.5 Litecoin.
0.00000001 – the value of a Litoshi, the Litecoin equivalent of the bitcoin Satoshi denomination.
10 May 2017 – the date on which Litecoin adopted Segregated Witness as a scaling solution. Later the same month, the first Lightning Network transaction was successfully completed.
1201536 – the block number at which SegWit activated.
14,400 – the number of new Litecoin mined per day (as at August 2017).
576 – the approximate number of Litecoin blockchain blocks mined per day.
09 June 2017 – the date Charlie Lee left his position as Director of Engineering at Coinbase to concentrate on the Litecoin project.
Litecoin’s SegWit Activation: Why it Matters and What’s Next – Alyssa Hertig, Coinbase (26 April 2017)