Litecoin (LTC)

Litecoin is an early derivative of bitcoin, released by Charlie Lee in October 2011.

Litecoin

Official Website: https://litecoin.com/

Key Facts

  • Litecoin is known as digital silver, in comparison to bitcoin’s digital gold.
  • The original purpose of Litecoin was an alternative to bitcoin for high frequency transactions.
  • Litecoin reduced the blocktime (or confirmation time) from 10 minutes to 2.5 minutes.
  • Litecoin has integrated scaling solutions called segregated witness and the lightening network to increase the transaction capacity of the network.
  • Charlie Lee has had to deny on a few occasions that he is Satoshi Nakamoto!

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