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LTC-20 tokens
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What Are LTC-20 Tokens?
LTC-20 tokens are fungible tokens created with inscriptions on the Litecoin blockchain. The LTC-20 standard is a fork of BRC-20, the inscription token standard on Bitcoin. This list ranks LTC-20 tokens by market cap, with live prices and 24h changes. LTC-20 is a small, niche standard, so few tokens use it.
Quick Facts
- Blockchain: Litecoin.
- Launch: The first LTC-20 token was deployed in 2023.
- Based on: BRC-20, adapted for Litecoin Ordinals.
- How it works: Small JSON text files are inscribed on Litecoin to deploy, mint and transfer tokens.
- Status: An experimental standard. Litecoin itself does not track LTC-20 balances.
How LTC-20 Tokens Work
LTC-20 runs on top of Litecoin Ordinals. Ordinals let users inscribe data, like text or images, onto the smallest units of a coin. For LTC-20, that data is a short JSON text. One inscription deploys a token and sets its ticker and supply. Other inscriptions mint new tokens or transfer them. The Litecoin network only stores these inscriptions. Separate software, called an indexer, reads them and works out who owns how many tokens.
LTC-20 vs BRC-20
Both standards use the same basic idea: JSON inscriptions read by indexers. BRC-20 runs on Bitcoin, while LTC-20 runs on Litecoin. Litecoin has faster blocks and usually lower fees than Bitcoin, which can make inscribing cheaper. BRC-20 is much better known and has far more tokens and trading activity. You can compare them on the BRC-20 tokens list.
Risks
LTC-20 is experimental and not widely supported. Few wallets and markets handle these tokens, so buying and selling can be hard. Balances depend on indexers agreeing with each other. Prices can be very volatile, and some tokens may lose all their value.
Related Lists
Frequently Asked Questions
- What is LTC-20?
LTC-20 is a token standard for creating fungible tokens on the Litecoin blockchain with inscriptions. It is a fork of the BRC-20 standard on Bitcoin. Users inscribe small JSON text files to deploy, mint and transfer tokens. The first LTC-20 token was deployed in 2023, and the standard is still experimental.
- How do LTC-20 tokens work?
LTC-20 tokens work through Litecoin Ordinals. Users inscribe short JSON texts onto Litecoin to deploy a token, mint it or transfer it. The Litecoin network only stores these inscriptions. Indexers read them in order and calculate each wallet's token balance, because Litecoin itself has no smart contracts to do this.
- What are Litecoin inscriptions?
Litecoin inscriptions are pieces of data, like text or images, written onto the smallest units of Litecoin with the Ordinals method. Each inscription is stored on the Litecoin blockchain. Images and other files act like NFTs, while JSON text inscriptions can create fungible tokens such as those that follow the LTC-20 standard.
- How do I buy LTC-20 tokens?
To buy LTC-20 tokens, you need a Litecoin wallet that supports Ordinals and inscriptions. You also need some LTC to pay network fees. Then you can trade on a marketplace that lists LTC-20 tokens. Few platforms support them, so check that the wallet and market can show and transfer LTC-20 balances.
- What is the difference between LTC-20 and BRC-20?
LTC-20 runs on Litecoin, while BRC-20 runs on Bitcoin. Both use JSON inscriptions and indexers to track token balances. LTC-20 is a fork of BRC-20 and works in almost the same way. Litecoin usually has lower fees and faster blocks, but BRC-20 has far more tokens and wider support.
- Are LTC-20 tokens safe?
LTC-20 tokens are high risk. The standard is experimental, few wallets and markets support it, and trading can be very thin. Balances depend on indexers, which can make mistakes. Sending tokens with the wrong wallet can lose them. Many inscription tokens lose most of their value, so only risk money you can afford to lose.