Dear ABIT users,
We are glad to announce that LTC (Litecoin) will be officially listed by ABIT.com from Singapore time Jan 21, 2021.
- Deposit Opening：13:00, Jan 21, 2021 (Singapore Time, GMT+8)
- Trading Start：13:00, Jan 22, 2021 (Singapore Time, GMT+8)
- Withdraw Opening：13:00, Jan 23, 2021 (Singapore Time, GMT+8)
- Trading Pairs：LTC/USDT, LTC/BTC
Litecoin (LTC) is a peer-to-peer cryptocurrency that aims to enable fast and low-cost payments to anyone in the world. The Litecoin Project was conceived and created by Charles Lee, a former Coinbase employee, with the support of multiple members in the Bitcoin community. It was launched on October 13th 2011, and has introduced a number of modifications based on the original Bitcoin protocol. The most prominent of these is Litecoin’s Proof-of-Work consensus: its algorithm is based on Scrypt, instead of SHA-256d. Furthermore, Litecoin has a target block time of 2.5 minutes, and a total supply of 84 million. In May 2017, Litecoin adopted Segregated Witness (SegWit). In the same month, the first Lightning Network transaction was completed on Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second. Future development areas include the addition of privacy-features (an implementation of the MimbleWimble protocol), the support of Schnorr Signatures, and Taproot (a privacy preserving switchable scripting feature).
Risk Warning: Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. We wish you a pleasant deal.