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How many Litecoin coins are there? The ultimate guide

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Litecoin has surged 13% in the past 24 hours as rumors of an ETF are in the air. With such hype around this coin, it is important to know the answer to an important question: how many Litecoin coins are there?

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Charlie Lee, a computer scientist and software developer at Google, introduced Litecoin (LTC) to the world in October 2011, two years after Bitcoin was introduced to the world.

Although LTC was created using the same proof of work (PoW) system as Bitcoin (BTC), it differs in a number of ways, including supply cap, hashing algorithms, block transaction speeds, and storage efficiency.

Because Lee created the blockchain to be a “lite version of Bitcoin,” Litecoin’s block processing time is 2.5 minutes, whereas BTC’s is 10 minutes. It is ideal for modest transactions because it also has cheap transaction fees.

In this article, we’ll discuss the Litecoin supply in total, how many Litecoin are in circulation, and the potential impacts of LTC ownership distribution.

Overview of LTC holders

Before investing in any cryptocurrency it is important to know if its supply isn’t too centralized as it increases the chances of a rug pull and takes out the element of decentralization – a pillar of any true cryptocurrency.

As per the current data from BitInfoCharts, LTC’s distribution shows a major chunk of small holders that amount to 49.58%, and they hold between 0 to 0.001 LTC. While 49.58% is a big number, these small wallets only hold negligible amounts of LTC in total, which indicates that the major retail influence on LTC’s supply is almost none.

Moving on to wallets with larger holdings, we can see that 13.6% of wallet addresses hold between 0.01 and 0.01, that accounts for only 0.01% of the total supply. Same is the case for the next block of wallets, that hold between 0.1 and 1 LTC and make up 12.79% of the total wallet addresses, representing only 0.43% of the

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Author: Hassan Shafiq

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