Timechain Technology
Bitcoin technology is a decentralized and open protocol allowing for the preservation and transfer of value from one entity to another with no other intermediaries. The public ledger of transactions (i.e. blockchain/timechain) is secured by energy directed toward computational efforts.
The current time is 917990₿ ∩ 3004887Ł
Bitcoin
Price: $95,273.00
Market Cap: $2.2T
24H Volume: 75.4B
Litecoin
Price: $97.29
Market Cap: $7.5B
24H Volume: 743.4M
Bitcoin
Genesis of the Bitcoin timechain is 3 January 2009. Transactions are verified every 10 minutes through a proof-of-work system using the SHA-256 algorithm. The network has a maximum supply cap of 21 million coins and is currently issuing approximately ₿450 per day. Higher scarcity and broader decentralization is signaling Bitcoin as a long-term store of value asset.
Litecoin
Genesis of the Litecoin timechain is 7 October 2011. Transactions are verified every 2.5 minutes through a proof-of-work system using the Scrypt algorithm. The network has a maximum supply cap of 84 million coins and is currently issuing approximately Ł7200 per day. The network runs a parallel privacy chain. Lower transaction fees, quicker settlement, and built-in privacy is establishing Litecoin as a currency of the people.