The Litecoin network completed 77 million transactions in 2024, marking a significant growth milestone for the coin. Litecoin’s hashrate increased by 2.88% in 24 hours, ensuring strong network stability and future resilience.
On Litecoin’s 13th anniversary, the network celebrates an impressive achievement of completing over 77 million transactions in 2024 alone. This milestone highlights Litecoin’s steady expansion and its credibility since its release in 2011.
Litecoin has long been considered the “silver to Bitcoin’s gold” and has always been preferred by consumers looking for faster transaction times and lower fees, making it ideal for everyday payments and small transactions. . The approximately 245 million transactions the firm has handled over the years demonstrate its continued relevance and growing acceptance.
As of today, Litecoin’s 13th birthday, the Litecoin network has completed a record-breaking 77 million transactions through 2024. #LFG
⚡️⚡️⚡️7️⃣7️⃣Million⚡️⚡️⚡️
The most active year in Litecoin history! pic.twitter.com/AD3vopV0oy
— Litecoin (@litecoin) October 13, 2024
Continuous improvements and platform integration drive Litecoin growth
Network expansion can be attributed to many factors, including constant improvements in the number of underlying protocols. The platform is now more attractive with improved integration of MimbleWimble’s security, transaction speed, and privacy features.
Furthermore, Litecoin’s ability to adapt to multiple platforms depends on its interaction with multiple payment processors and merchant systems. Litecoin ranks in the top 25 by market capitalization, and these technological improvements have allowed Litecoin to remain the top cryptocurrency.
Several important events in 2024 will further strengthen Litecoin’s position in the cryptocurrency ecosystem. According to CNF, MoneyGram recently enabled U.S. consumers to trade and save in Litecoin alongside Bitcoin and Ethereum through its mobile app.
This measure highlights Litecoin’s growing popularity in mainstream financial services, thereby increasing its availability to a wider range of users. Furthermore, the circulation of Litecoin currently exceeds 75 million. Only 9 million coins have yet to be mined, confirming its long-term presence in the crypto market.
The future of Litecoin looks bright. As previously reported, its hashrate, which increased by 2.89% on an intraday basis, ensures robust network stability and therefore confirms its position in the broader cryptocurrency market. TLC price is trading around $65.42 and the coin has been in a consolidation state for the past 30 days.
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