Litecoin was created by charlie lee in october 2011. Litecoin prides itself on being quicker and cheaper to use than bitcoin making it.
Created by charlie lee litecoin has gone on to become one of the most popular altcoins on the market today.
Litecoin history. Its low exchange rate allowed people to buy the necessary number of coins in anticipation of a future price increase. Litecoin was one of the first cryptocurrencies created on october 7 2011 by the developer charlie lee a google employee and former engineering director at coinbase and released under the mitx11 license via an open source client on github. The first coin covered in our series is litecoin ltc one of the earliest cryptocurrencies created in 2011 by the developer charlie lee.
Litecoin was released via an open source client on github on october 7 2011 by charlie lee a google employee who later became engineering director at coinbase. It was a source code fork of the bitcoin core client differing primarily by having a decreased block generation time 25 minutes increased maximum number of coins. Litecoin has often been called the silver to bitcoins gold over the years and is a popular cryptocurrency.
The ability to mine with low power processors. Litecoin was founded in 2011 so today its history is very long and saturated. History of the litecoin ltc.
Since that date the asset has consistently been among the top 10 largest capitalizations in the cryptocurrencies market. 29648 ths jan 21 2021 0205 am utc 296481217714189 hs. Litecoin ltc is a cryptocurrency that was designed to provide fast secure and low cost payments by leveraging the unique properties of blockchain technology.
The litecoin network went live on october 13 2011. The litecoin hashrate chart provides the current litecoin hashrate history in graph format with an option to expand the litecoin global hashrate chart time frame back to 2013. The cryptocurrency was created based on the bitcoin btc protocol but it differs in terms of the hashing algorithm used hard cap block transaction times and a few other factors.
Historical data for the litecoin prices litecoin price history viewable in daily weekly or monthly time intervals. During its first three years of existence ltc was very popular for several reasons.
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