coinpass Blog

Litecoin was one of the first “altcoins” created by Charlie Lee from the original Bitcoin code, but with significantly different properties:

- Litecoin’s block time was reduced to 2.5 minutes, 4x faster than Bitcoin
- Total supply was increased to 64 million instead of Bitcoin’s 21 million.
- Mining difficultly changes every 3.5 days compared to Bitcoin’s 2 weeks.

With these key differences in place, litecoin was the leader in fast payments and transactions in the early blockchain and cryptocurrency space.

Now, Litecoin is still a well known and respected altcoin in the space with a foundation, large developer following, and constantly receiving community software updates.

Buy Litecoin (LTC) instantly by setting up a coinpass account and litecoin wallet.

Coinpass support the GBP/LTC trading pair by providing liquidity and less friction for Litecoin to GBP trading.