Litecoin, often referred to as the "silver" to Bitcoin's "gold" is marking its 14th anniversary today.

October 7 marks Litecoin's official birthday as on Oct. 7, 2011, the first block of the Litecoin blockchain, the Genesis Block, was mined by Litecoin creator Charlie Lee. This marked the official beginning of the Litecoin network.

On October 7, 2011, the first block of the Litecoin blockchain — the Genesis Block — was mined, by @SatoshiLite, marking the official beginning of the Litecoin network. The Genesis Hash for Litecoin was notably and intentionally generated using the Scrypt hashing algorithm.

Over… pic.twitter.com/WL5NTIaUra

Litecoin's Genesis Hash for Litecoin was generated using the Scrypt hashing algorithm and has stood the test of time, remaining the foundational pillar of the blockchain.

The Genesis hash also plays a crucial role in ensuring Litecoin network’s security, consensus mechanism and overall integrity.

At the start of October, Litecoin reported a new high in its mining difficulty, surpassing the 100 million mark for the first time.

As more hashing power is added to the Litecoin mining network, the difficulty must increase to ensure blocks are not being generated too quickly.

Litecoin news

The SEC missed the deadline on Canary Capital’s spot Litecoin exchange-traded fund. The U.S. regulator took no action on Oct. 2, the original deadline for it to make a decision. It remains unknown whether SEC’s silence on Canary’s spot Litecoin ETF was due to the government shutdown or also a result of the new generic listing standards, which might render the 19b-4 deadline irrelevant.

At the beginning of October, REX-Osprey filed for an LTC ETF under the "1940 act," not falling under the new Generic Listing Standards.

At press time, LTC was down 2.86% in the last 24 hours to $116 but higher 11% weekly.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。