How Many Litoshi Makes one Litecoin?
Dividing up Litecoin, the Silver to Bitcoin’s Gold
Litecoin was launched on Oct 13, 2011. Happy 9th Birthday, Litecoin!
Creator Charlie Lee (@SatoshiLite) tweeted the following price breakdown an hour ago to illustrate its growth:
Litecoin price on its birthday:
- 10/13/2012 — $0.09
- 10/13/2013 — $2.08
- 10/13/2014 — $4.07
- 10/13/2015 — $3.13
- 10/13/2016 — $3.88
- 10/13/2017 — $63.91
- 10/13/2018 — $53.93
- 10/13/2019 — $56.49
- 10/13/2020 — $50.00
The Creator
While Bitcoin was developed by an anonymous person or team using the pseudonym Satoshi Nakamoto, Litecoin was developed by computer scientist Charlie Lee, a.k.a. SatoshiLite. Lee was previously employed by Google and Coinbase but now works fulltime as managing director of the Litecoin Foundation.
Breaking it Down
While most fiat currency is divided up by hundreds — 100 pennies in a dollar, 100 pence in a pound, 100 euro cents in a euro — the crypto world makes things a little more complicated.
Instead of being divided into 100, a Bitcoin is divided into 100 MILLION (100,000,000) Satoshi, which are of course named for Satoshi Nakamoto. Litecoin follows suit, with one Litecoin being equal to 100 million (100,000,000) Litoshi. That’s 8 zeros.
1 BTC = 100,000,000 Satoshi
1 LTC = 100,000,000 Litoshi
Or, on the flipside, 1 Satoshi is 0.00000001 Bitcoin and 1 Litoshi is 0.00000001 Litecoin. That’s 8 decimal places.
1 Satoshi = 0.00000001 BTC
1 Litoshi = 0.00000001 LTC
Bitcoin can’t be divided up smaller than a Satoshi and Litecoin can’t be divided up smaller than a Litoshi.
