Litecoin Celebrates 13 Years of 100% Uptime and Growing Network Activity
Litecoin achieves an unprecedented milestone with 13 years of uninterrupted uptime since its 2011 launch. Its growing network activity, high user engagement, and active addresses highlight its enduring success.
Litecoin (LTC) has reached a remarkable milestone, celebrating 13 years of 100% uptime since its inception on October 23, 2011. This achievement, shared by the Litecoin Foundation’s official X account, underscores the network’s reliability and uninterrupted functionality over its lifespan. Unlike many other blockchain networks that have experienced outages or technical issues, Litecoin stands out as a robust and continuously operational platform.
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Historic Uptime and Efficient Design
Since its launch by Charlie Lee, Litecoin has processed transactions and secured its blockchain without a single moment of downtime. This is a rare accomplishment in the cryptocurrency space, where technical challenges and interruptions are common.
Litecoin’s architecture, based on the proof-of-work (PoW) consensus and the Scrypt algorithm, has contributed to its resilience. The Scrypt algorithm is designed to be more power-efficient and accessible than Bitcoin’s SHA-256 algorithm, lowering barriers to entry and enabling broader participation.
Network Growth and Achievements
The Litecoin network recently reached a major milestone on December 26, when its hashrate exceeded 2 PH/s at block height 2,816,339, with a difficulty of 59,401,111. These metrics demonstrate the increasing computational power and security of the network.
In 2024, Litecoin’s average daily active addresses grew to 401,000, up from 366,000 in 2023, according to IntoTheBlock. The network saw its peak activity in early January, with 1.37 million active addresses recorded in a single day. Additionally, Litecoin boasts 8.25 million addresses with a balance, the majority held by long-term investors. Of these, 78% have held LTC for over a year, typically accumulating during bear markets and selling at market highs.
Payment-Centric Activity
Litecoin processes approximately 200,000 daily transactions, primarily for payments, highlighting its utility as a medium of exchange. Despite a 5.13% decline in price over the last 24 hours, bringing LTC to $99.38, the cryptocurrency remains the 25th largest by market capitalization, valued at $7.48 billion.
A Legacy of Trust and Utility
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As Litecoin continues its legacy of uninterrupted operation, its growing user base and robust network activity affirm its status as a reliable and efficient blockchain. With over half of its holders currently in profit, Litecoin demonstrates the long-term value it offers to its community.
This milestone not only cements Litecoin’s place in cryptocurrency history but also showcases its potential for sustained relevance in a rapidly evolving market.
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