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:
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