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 similar Bitcoin. However, there were some significant changes and improvements made.
The most notable changes were that the mining time per block reduced by four times to 2.5 minutes and the maximum supply of coins went up four times to 84 million. There is currently a much greater number of Litecoin in circulation compared to Bitcoin, this will always remain the case
Litecoin adopted segregated witness in May 2017 and was the first of the top 10 altcoins to do this, to learn more about segregated witness and the benefits visit our ‘terminology‘ section.
Like Bitcoin, Litecoin is a peer-to-peer cryptocurrency and an open source software project. Litecoin has far lower fees than Bitcoin and has been dubbed the digital silver to Bitcoin’s digital gold.
Charlie Lee released the open-source client on GitHub on October 7th, 2011. The Litecoin network then went live on October 13th, 2011. Litecoin is alos one of the pioneers of the lightning network and is leading the way with this new technology. The first lightning network transaction was actually completed through Litecoin in May 2017.
Where to buy Litecoin
Once again like Bitcoin, Litecoin is very popular and can be traded with most exchanges below are a few of the most popular examples:
Litecoin (LTC) Live Price:
Recent cryptocurrency news
Galaxy Digital, the full crypto asset merchant bank that has been recently launched by Bitcoin Bull and Investor, Mike Novogratz, seems to be executing quickly on a roadmap of its own. The bank has recently [...]
The Rise of Etherbots Etherbots is outpacing Cryptokitties when it comes to transaction volume and this may be big deal because it shows that the Ethereum platform is able to support these widely popular games, [...]
The vocal and outspoken manager of hedge funds has marked a significant accomplishment for this year. Mike Novogratz was able to conduct a successful raise of 250 million dollars to fund the proposed operation of [...]
Whether or not winter sports make you excited, you must have been seeing news coverage all over the internet from the 2018 Winter Olympics event that is currently being held in Pyeongchang, South Korea. However, [...]