Litecoin (LTC) MCQs January 8, 2026September 29, 2025 by u930973931_answers 50 Score: 0 Attempted: 0/50 Subscribe 1. : Who is the founder of Litecoin? (A) Charlie Lee (B) Vitalik Buterin (C) Gavin Andresen (D) Jed McCaleb 2. : In which year was Litecoin created? (A) 2009 (B) 2011 (C) 2013 (D) 2015 3. : Litecoin is often referred to as? (A) Digital Gold (B) Digital Silver (C) Digital Cash (D) Digital Diamond 4. : What is the maximum supply of Litecoin? (A) 84 million (B) 21 million (C) Unlimited (D) 100 million 5. : Litecoin is a fork of which cryptocurrency? (A) Ripple (B) Ethereum (C) Bitcoin (D) Dogecoin 6. : What hashing algorithm does Litecoin use? (A) SHA-256 (B) Scrypt (C) Ethash (D) Proof-of-Stake 7. : What is the average block time of Litecoin? (A) 10 minutes (B) 2.5 minutes (C) 1 minute (D) 15 minutes 8. : Who developed Litecoin while working at Google? (A) Roger Ver (B) Charlie Lee (C) Brian Armstrong (D) Gavin Wood 9. : Litecoin transactions are generally? (A) Faster than Bitcoin (B) Slower than Bitcoin (C) Same as Bitcoin (D) Offline only 10. : Litecoin uses which consensus mechanism? (A) Proof of Authority (B) Proof of Stake (C) Proof of Work (D) Delegated Proof of Stake 11. : The smallest unit of Litecoin is called? (A) Latoshi (B) Satoshi (C) MicroLTC (D) MiniLite 12. : Litecoin was the first cryptocurrency to adopt? (A) Proof of Stake (B) Segregated Witness (SegWit) (C) Proof of Authority (D) Layer 2 Sharding 13. : What is the reward for mining a Litecoin block as of 2023? (A) 50 LTC (B) 25 LTC (C) 12.5 LTC (D) 6.25 LTC 14. : Litecoin halving occurs every? (A) 2 years (B) 4 years (C) 5 years (D) 10 years 15. : Charlie Lee sold his Litecoin holdings in which year? (A) 2015 (B) 2017 (C) 2019 (D) 2021 16. : Litecoin Lightning Network enables? (A) Faster and cheaper transactions (B) Mining automation (C) Token creation (D) Wallet encryption 17. : What symbol represents Litecoin? (A) LTC (B) LCN (C) LIT (D) LCO 18. : Litecoin’s genesis block was mined in? (A) October 2011 (B) December 2011 (C) March 2010 (D) August 2012 19. : Litecoin is an example of an? (A) Altcoin (B) Stablecoin (C) Meme Coin (D) Privacy Coin 20. : What is the Litecoin Foundation? (A) A wallet provider (B) A non-profit supporting LTC adoption (C) A mining company (D) An exchange 21. : Which upgrade enabled atomic swaps in Litecoin? (A) SegWit (B) Lightning (C) MimbleWimble (D) Schnorr 22. : Litecoin has a block size limit of? (A) 1 MB (B) 2 MB (C) 4 MB (D) 8 MB 23. : Litecoin’s MimbleWimble Extension Blocks were designed to enhance? (A) Speed (B) Privacy (C) Mining Rewards (D) Inflation Control 24. : Which is faster in transaction confirmation? (A) Bitcoin (B) Litecoin (C) Ethereum (D) Ripple 25. : Litecoin’s ticker symbol “Ł” is visually similar to? (A) Euro (B) Pound (C) Lira (D) Dollar 26. : What halving event reduced the Litecoin block reward to 6.25 LTC? (A) 2019 (B) 2023 (C) 2017 (D) 2021 27. : Litecoin’s block reward started at? (A) 25 LTC (B) 50 LTC (C) 100 LTC (D) 75 LTC 28. : Which is a common nickname for Litecoin? (A) The People’s Coin (B) Digital Gold (C) Digital Silver (D) Crypto King 29. : What is the purpose of Litecoin’s faster block time? (A) To reduce mining costs (B) To confirm transactions quicker (C) To increase token supply (D) To reduce inflation 30. : Which wallet is often recommended for Litecoin? (A) MetaMask (B) Litecoin Core (C) Trust Wallet (D) Phantom 31. : Which exchange first listed Litecoin? (A) Binance (B) Mt. Gox (C) Coinbase (D) Kraken 32. : Litecoin was added to PayPal cryptocurrency support in? (A) 2020 (B) 2021 (C) 2019 (D) 2018 33. : Charlie Lee previously worked at which exchange? (A) Binance (B) Coinbase (C) Kraken (D) Gemini 34. : Litecoin transaction fees are typically? (A) Higher than Bitcoin (B) Lower than Bitcoin (C) Equal to Bitcoin (D) Based on Ethereum Gas 35. : Litecoin is primarily used for? (A) Smart Contracts (B) Fast and low-cost payments (C) NFT Creation (D) Cloud Computing 36. : What mining method does Litecoin support? (A) CPU Mining (B) ASIC and GPU Mining (C) Quantum Mining (D) Cloud-only Mining 37. : Litecoin’s halving reduces block rewards by? (A) 25% (B) 50% (C) 75% (D) 10% 38. : Litecoin shares its codebase mostly with? (A) Ripple (B) Bitcoin (C) Ethereum (D) Dogecoin 39. : Which network did Litecoin partner with for faster payments in 2018? (A) Visa (B) PayPal (C) TenX (D) TokenPay 40. : Litecoin’s market capitalization compared to Bitcoin is generally? (A) Higher (B) Lower (C) Same (D) Equal 41. : Litecoin transactions can be tracked using? (A) Chainlink (B) Block Explorer (C) Lightning Hub (D) MetaMask 42. : What is the Litecoin block confirmation target? (A) 1 block (B) 6 blocks (C) 12 blocks (D) 3 blocks 43. : Litecoin’s protocol ensures? (A) Decentralization and faster payments (B) Unlimited supply (C) Privacy by default (D) Proof of Stake 44. : What makes Litecoin more accessible for miners? (A) Scrypt algorithm (B) SHA-256 algorithm (C) Proof-of-Stake (D) ERC-20 tokens 45. : Litecoin was the first major cryptocurrency to test? (A) Lightning Network (B) Stablecoins (C) NFTs (D) Central Bank Digital Currency 46. : Litecoin is considered one of the? (A) Oldest Altcoins (B) Newest Meme Coins (C) Private Stablecoins (D) Ethereum Tokens 47. : Litecoin’s code can be described as? (A) Proprietary (B) Open Source (C) Licensed (D) Restricted 48. : The Litecoin Foundation is headquartered in? (A) Switzerland (B) Singapore (C) USA (D) Germany 49. : What was Charlie Lee’s reason for selling his LTC? (A) To avoid conflict of interest (B) To exit the crypto industry (C) To switch to Bitcoin (D) To buy Dogecoin 50. : Litecoin is widely supported on ATMs worldwide for? (A) Depositing USD (B) Buying and selling LTC (C) Mining (D) Staking