Product Features

free litecoin

FREE LITECOINS EVERY HOUR

You are able solve captchas in order to accrue up to 0.00055 ltc for free every hours.

Provably fair litecoin game

PROVABLY FAIR HI-LO GAME

Enjoy the complete LTC mutuel betting and casino experience at Litepick.io! Players have the opportunity to earn more litecoins through the exciting games. Every game uses provably technology to prevent fraud and ensure fairness.

Free litecoin

Safe & Secure

All user information and data are kept confidential. All transactions are anonymous.

referral litecoin contest

GENEROUS REFERRAL PROGRAM

Get 50% of whatever your affiliates claim free litecoin. You also get 0.4% every time they play game and 5% value of giftcard they apply.

72.37 K

REGISTERED USERS

249.44 M

GAMES PLAYED

1,333.27 LTC

litecoinS WON BY USERS

What is litecoin?

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin.

  • The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.
  • Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.
  • Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.
  • When it comes to Litecoin as a method of payment, in early days there was correlation to Bitcoin in terms of extended payment patterns. Although one might assume that payment patterns of Litecoin would converge to Bitcoin, it has been found that there is little correlation of the payment patterns of Litecoin vs Bitcoin today, and these patterns continue to diverge over time.

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

  • Litecoin is programmed to have a finite supply of 84 million LTC. Similar to Bitcoin, Litecoin also reduces the block rewards that miners receive during its “halving” events, effectively reducing the rate at which new coins are introduced into the market.
  • Due to its predictable and finite supply, Litecoin is considered a scarce asset and thus derives value (partly) from its scarcity.
  • The other parts of the equation that grant Litecoin value are its usability and its network size (both in terms of miners and buyers/sellers).
  • Litecoin is traded on every major exchange in the world, including Kriptomat.
Provably fair is an algorithm which can be analyzed and verified for fairness on the part of the service operator.
In a provably fair gambling system such as Litepick.io, a player places bets on games offered by the service operator. The service operator will publish a method for verifying each transaction in the game. This is usually by using open source algorithms for random seed generation, hashing, and for the random number generator.
Once a game has been played, the player can use these algorithms to test the game's response to his in-game decisions and evaluate the outcome by only using the published algorithms, the seeds, hashes, and the events which transpired during the game.
A litecoin faucet is a reward system, in the form of a website or app, that dispenses rewards in the form of a litoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. Litepick.io is a free litecoin faucet where you can claim up to 0.00055 ltc for free every hour.