Litecoin LTC Declines Slightly Against Bitcoin BTC
Decentralized Cryptocurrencies Fluctuate in Value
Litecoin, the First Altcoin, Sees Minor Dip
WEB Litecoin (LTC) saw a slight decline in value against Bitcoin (BTC) today.
WEB As of writing, LTC is worth BTC0.0001231, marking a 0.1% decrease from an hour ago. However, LTC has also experienced a 0.7% increase over the past 24 hours.
WEB Litecoin and Bitcoin are both decentralized cryptocurrencies that are not regulated by any central authority, making them subject to market fluctuations.
WEB Litecoin is widely considered to be the first alternative cryptocurrency, or "altcoin", and was created in 2011 by former Google engineer Charlie Lee.
WEB Both Bitcoin and Litecoin use a proof-of-work (PoW) consensus mechanism to validate transactions and secure their respective networks. However, Litecoin has a faster block time and a larger maximum supply than Bitcoin.
WEB Despite today's slight decline, Litecoin remains a popular and widely used cryptocurrency, with a market capitalization of over $10 billion. WEB As the cryptocurrency market continues to evolve, it will be interesting to see how Litecoin and other altcoins perform in the future.
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