logo-big

XLM vs LTC compare

Exchange

About XLM

  • Name: Stellar

  • Symbol: XLM

  • Circulating supply: 27 318 730 000 $

  • Max supply: 50 001 807 000 $

  • Cmc rank: 19

  • Volume 24h: 155 635 330 $

  • Percent change 1h: 0,17 %

  • Percent change 24h: 0,54 %

  • Percent Change 7d: 4,3 %

About LTC

  • Name: Litecoin

  • Symbol: LTC

  • Circulating supply: 73 491 939 $

  • Max supply: 84 000 000 $

  • Cmc rank: 11

  • Volume 24h: 755 584 860 $

  • Percent change 1h: -0,14 %

  • Percent change 24h: 0,7 %

  • Percent Change 7d: 4,1 %

Overview Stellar - Lumen

Stellar, a blockchain-based payment system, offers a unique alternative to the traditional SWIFT system. It utilizes its own native token, Lumen (XLM), as a means of facilitating transactions. XLM (formerly STR) was listed on exchanges in early 2017.

Lumen tokens play a dual role in the Stellar payment system. Firstly, they act as an effective defense mechanism against spam attacks by charging a negligible commission of 0.00001 XLM per transaction. This helps in maintaining the network's integrity by filtering out unwanted transactions that might cause network congestion. Secondly, Lumen tokens serve as a vital bridge between multiple currencies, facilitating seamless transactions even when a direct transfer between them is not possible.

Overview Litecoin

Litecoin was one of the first cryptocurrencies to emerge after Bitcoin and was created with the aim of enabling fast and cost-effective peer-to-peer transactions. Despite being an early player in the crypto space, Litecoin still has a vibrant and active community of users, cementing its position as one of the most well-established crypto projects.

One of Litecoin's defining features is its use of the Scrypt hash function, which allows the network to generate blocks at a faster rate than Bitcoin. Over time, the Litecoin ecosystem has undergone several upgrades, including the introduction of the OmniLite second layer solution and integration with Mimblewimble, which has enhanced its privacy and made it more suitable for developing decentralized applications and smart contracts. As a result, Litecoin continues to be a popular choice among cryptocurrency enthusiasts looking for fast, efficient, and versatile blockchain technology.

Differences Between XLM and LTC

XLM and LTC are two different cryptocurrencies with distinct features:

  • XLM is based on the Stellar blockchain that utilizes Stellar Consensus Protocol, while LTC employs Scrypt hashing algorithm, making it faster and more efficient. 
  • XLM has a maximum supply of  50001806812  tokens, while LTC has a maximum supply of 84000000  coins. 
  • XLM has lightning-fast transaction speed and low transaction fees, whereas LTC transactions take around 2.5 minutes to confirm and have higher transaction fees.

XLM vs LTC: bottom line

In summary, while both XLM and LTC are cryptocurrencies, they have fundamental differences in their underlying technologies, maximum supply, transaction speeds, and fees. The choice between XLM and LTC depends on individual needs and preferences, and both cryptocurrencies have their unique features and use cases.

Related Search

Related exchanges

F.A.Q.

Is Stellar coin worth buying?

Investing in any crypto is associated with risks, as it can equally lead to both gains and losses. That is why it's important to do your own research, assess your risk tolerance, and consult a financial advisor before investing in Stellar or any crypto.

Is Stellar and Litecoin still a good investment?

However, both cryptocurrencies have been around for several years and have established communities of users. Each has its own unique features and potential use cases, so it's important for investors to do their own research, track the market and make their own assessments based on their investment goals and risk tolerance.

What is the best place to convert XLM to LTC?

If you value privacy and want to convert unlimited volumes and unlimited number of times, Godex.io is the best option for converting XLM to LTC.