eLTC (ELTC2)

eLTC is a tokenized version of Litecoin on the Ethereum blockchain. It aims to provide faster transaction speeds than Litecoin, with an average block time on Ethereum of 24 seconds, compared to 2 minutes on Litecoin. Additionally, eLTC offers cheaper transaction fees, with average fees ranging from $0.20 to $0.50, whereas Litecoin fees typically range from $2 to $5. Moreover, eLTC is compatible with smart contracts on the Ethereum blockchain, providing additional functionality not currently supported by Litecoin.

eLTC was created to address the high transaction fees and slow block times of Litecoin. By leveraging the capabilities of ERC20 tokens on the Ethereum blockchain, eLTC aims to provide a more efficient and cost-effective alternative. Furthermore, there was a lack of widely accepted tokenized versions of Litecoin on Ethereum, making eLTC a unique offering in the market. As eLTC grows, it also aims to showcase the capabilities of Ethereum and contribute to strengthening its position among cryptocurrencies.

eLTC has a limited supply, with only 84,000,000 tokens. It is an ERC20 version of Litecoin, ensuring compatibility with several wallets such as Mist & Ethereum Wallet and imToken. The project is released under the MIT License.