- Litecoin marks 13 years with 100% uptime, processing millions of transactions flawlessly.
- Litecoin boasts 401K daily active addresses in 2024, up from 366K in 2023.
- 78% of Litecoin investors hold LTC long-term, highlighting its reliability and trust.
Litecoin has ticked off a rare completion in crypto, with 100 percent uptime since its Oct. 23, 2011 creation. Litecoin has consistently seen millions of transactions processed over more than 13 years without fail, a rarity amongst other cryptocurrencies.
This position makes Litecoin among the most reliable currencies, especially in an industry where network interruptions and other technical glitches are evident. Features like the network’s proof-of-work (PoW) mechanism that relies on the Scrypt algorithm make the network strong, resilient, or open to wider participation.
Growth in Network Activity and User Engagement
Moreover, the overall network activity of Litecoin remains high, and it has also been consistently high in terms of flawless uptime. The hashrate of the network increased and reached a higher value in block height, exceeding 2 PH/s at block height. This provides better mining security with more miners. This growth can be attributed to a network’s durable structure and constant impositions from community users.
Litecoin settled for an average of 401,000 daily active addresses in 2024, slightly up from 366,000 in 2023. In particular, the highest index was identified in January, which marked 1.37 million active addresses interacting within a given day. These numbers show that users are gaining confidence in the network and the overall transaction volume, proving that the network can effectively handle high activity levels.
Holder Trends and Transaction Volume
Litecoin also has a large number of holders with long-term investment goals. As of December 23, 2024, about 8,250,000 LTC addresses held LTC, and 78% of those who invested in LTC were long-term LTC holders. Such a trend indicates stock-building during bear markets and stock-selling during bull markets.
Payment activities are the primary drivers of the network, which processes nearly 200,000 daily transactions. This will also show the practical use case behind Litecoin as a medium in which transactions are done safely and securely instead of only a speculative asset.
Litecoin has achieved constant uptime since its launch on October 23, 2011. This development can be seen as an affirmation that over the time of evolution that is in 13 years the network can not have a more stable and efficient. The Litecoin Foundation has noted that the Litecoin network has been running its operations without any Interferences. While transacting and also building the reliability of the Litecoin blockchain.
disclaimer read more
Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
