The New (ERC20) Litecoin
eLTC is a tokenized version of Litecoin on the Ethereum blockchain.
The Token Airdrop
Airdrop targeted for October 13, 2017 12:00PM GMT Airdrop signup form: https://goo.gl/forms/uTK4jZVRGRYMKvht1
Symbol: ELTC
Decimals: 8
Faster
eLTC will have faster transaction speeds than Litecoin. The average block time on Litecoin is 2 minutes, while on Ethereum it's 24 seconds.
Cheaper
The average Litecoin transaction fee typically ranges from $2 to $5, while Ethereum fees typically range from $0.20 to $0.50 .
Smarter
eLTC can work with smart contracts on the Ethereum blockchain. While there are plans to support them, Litecoin does not currently support smart contracts.
FAQ
What is eLTC?
eLTC is an ERC20 version of Litecoin on the Ethereum blockchain.
Why create eLTC?
There are multiple reasons, firstly Litecoin has issues with high transaction fees and slow block times, ERC20 tokens don't have these issues and also have smart contract capability. Secondly, there is currently no widely accepted tokenized version of Litecoin on Ethereum which is pretty surprising. Thirdly, as eLTC grows it will display Ethereum's capabilities and strengthen it's stance among crypto-currencies.
How many eLTC are there?
There will only ever be 84,000,000 eLTC, no more, no less.