What is Litecoin?
Litecoin was released in 2011 by a former Google employee named Charlie Lee and was actually a fork in the Bitcoin core client. On the surface of things Litecoin is almost identical to Bitcoin, however there were some slight changes and improvements made.
The most notable changes were that the mining time per block reduced by four time to 2.5 minutes and the maximum supply of coins went up for times to 84 million and there are currently just under 52 million coins in circulation.
Litecoin adopted segregated witness in May 2017 and was the first of the top 5 altcoins to do this, to learn more about segregated witness and the benefits visit our ‘how it all works’ section.
On 01/03/2017 The price of a single Litecoin was just £2.93, fast forward 4 months to 01/07/2017 and the price has seen over a 1000% increase sitting at around £31.50, on top of this Litecoin also reached highs of £40 with some marketplaces during the month of June. With all of the improvements Litecoin made on the Bitcoin protocol and with the newly adopted software there is exciting times ahead for Litecoin and even more potential.
Litecoin (LTC) Live Price:
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