U.Today - Litecoin, one of the pioneering cryptocurrencies, recently its 12th anniversary, marking a significant milestone in its history. From its inception as the "silver to Bitcoin's gold" to its recent forays into NFTs, Litecoin's journey is a rare example of longevity and resilience in the crypto world.
Litecoin's promise
Introduced by , a former Google (NASDAQ:GOOGL) engineer, Litecoin was designed to address some of the perceived inefficiencies of Bitcoin. Lee's primary goal was to offer faster transaction confirmation times, targeting a new block every 2.5 minutes compared to Bitcoin's 10 minutes.In its early years, Litecoin quickly garnered attention and adoption, partly because of its technological distinctions and partly due to its marketing position as the "silver" to Bitcoin's "gold."
Together with , this is one of the very few O.G. cryptocurrencies that remains relevant today.
Presently, Litecoin sits in 15th place on the crypto market cap leaderboard, currently trading at $61.51. Over the past week, Litecoin's price has seen a modest decrease of 5.1%, aligning with a general dip observed across multiple cryptocurrencies. Still, with a market capitalization surpassing $4.5 billion, Litecoin remains a major player in the industry.
Halving and NFTs
Recent headlines in the crypto world highlighted a prescheduled event where the rewards for mining the cryptocurrency are halved.Additionally, the coin marked its entry into the trendy non-fungible token (NFT) space, with the Litecoin network recently introducing its first .