Litecoin celebrates 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 for the long term, highlighting its reliability and trust.
Litecoin has achieved a rare feat in the cryptocurrency world, with 100 percent uptime since its inception on October 23, 2011. Litecoin has consistently processed millions of transactions over more than 13 years without failure, something rare among other cryptocurrencies.
This status makes Litecoin among the most reliable currencies, especially in an industry where network outages and other technical glitches are common. Features such as the network’s Proof of Work (PoW) mechanism based on the Scrypt algorithm make the network robust, resilient, or open to wider participation.
Growth in network activity and user engagement
Furthermore, the overall activity of the Litecoin network remains high, and has also been consistently high in terms of fault-free uptime. The mining power of the network has increased and reached a higher value at block height, exceeding 2 PH/s at block height. This provides better mining security with more miners. This growth can be attributed to the robust network structure and constant pressure from community users.
Litecoin settled at an average of 401,000 daily active addresses in 2024, up slightly from 366,000 in 2023. In particular, the highest metric was recorded in January, which recorded 1.37 million active addresses interacting on a given day. These numbers show that users are gaining confidence in the network and overall transaction volume, which
Proves that the network can effectively handle high levels of activity.