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“Litecoin [LTC] is extremely secure and mining is very healthy” – Charlie Lee, Litecoin Creator

Laira Rebecca

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Source: Pexels

A recent assessment conducted by a website name crypto51.app has caught the attention of many cryptocurrency enthusiasts. By gathering various sources, the crypto51 team has assessed the approximate cost of a 1 hour  51% attack on different blockchains.

Charlie Lee, the creator of Litecoin has mentioned about this study in his recent tweet. Based on the assessment by crypto51 and providing several hash rate charts, he tries to prove that Litecoin provides high security and healthy mining.

According to crypto51, this attack takes place when a miner with more than 50% blockchain processing power takes control of the network. Crypto51 achieved their results by aggregating data from various websites such as Mine the Coin, Coinmarketcap etc.

Tweet by Charlie Lee:

“In lite of recent 51% attacks and http://crypto51.app  info, rest assured that the Litecoin is extremely secure and mining is very healthy.
– Pools are well distributed (largest 22%)
– Hashrate up 50x (past 1 year)
– High capital costs to attack ($322-761MM + ~$38-50k/hr)”

Following are the Litecoin  charts posted by Charlie Lee:

Hash Rate Distribution of LTC

Hash Rate Distribution of LTC

Price and Mining statistics of LTC

Price and Mining statistics of LTC

LTC Hashrate Historical Chart

LTC Hashrate Historical Chart

Linclon Kim, a Litecoin proponent says:

Charlie to the mooooooooooon!!!”

Code Vibs, a Twitterati commented:

“With all the good news for LTC lately, there’s nothing to worry about. Nasdaq supports it, so that’s a big deal. Don’t look at price day to day. Just enjoy taking part in a revolutionary technology and the price will follow.”

Joshua Lewis, a blockchain enthusiast says:



“You got that right @SatoshiLite – no doubt about it. Where #Scrypt is concerned. #Litecoin is King. You all are doing it well and have the proof-of-work to keep the chain secure.”

The entire cryptocurrency market is slowly gaining its momentum back from a market cap of $304 billion to $334 billion in the past 24 hours. At 2:00 AM UTC, Litecoin [LTC] is trending at the 6th position with a market cap of $6.9 billion. The coin is currently trading at $122.17 with a 9.2% gain in the price since yesterday.

The entire cryptocurrency market was showing a bearish trend for the past two 2 days. Litecoin had fallen to $110.90 yesterday and gradually moved into the green and reached the current price.

LTC's 7 days chart

LTC’s 7 days chart





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Laira is a full-time writer at AMBCrypto. She is a Computer Science graduate and she has about 1-year experience in writing. Her enthusiasm and keen interest in developing her knowledge about blockchain and cryptocurrency led her to be a part of AMBCrypto. She currently does not hold any value in cryptocurrency or its projects.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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