Team Behind Litecoin In 2011, Charlie Lee released Litecoin on GitHub. Hence, the market capitalization of Litecoin is $ 2. The Litecoin community separated transactions and signatures, hence increasing the volume of transactions getting verified every 2. Think of Litecoin as the silver to Bitcoin’s gold. Litecoin also has very minimal transaction fees in comparison to Bitcoin. And now, Litecoin is acting as a testing ground for blockchain solutions such as SegWit, Atomic Swaps, and Lightning Networks.
But there are still fundamental differences between both currencies. But Litecoin being one of the oldest players amongst the altcoin has sufficient liquidity and it is possible to buy LTC for USD, EUR, CNY, GBP etc ltc currency news. At present Warren Togami works with Blockstream and Charlie Lee announced his return to LTC after working with Coinbase for a while. Just completed the first $DCR $LTC cross-chain atomic swap with @SatoshiLite. The Scrypt algorithm makes it difficult to operate concentrated mining pools. For example: Consider Litecoin blocks as wagons of a train which carry a new passenger and their luggage every 2.
Litecoin was created on 7th Oct 2011 by Charlie Lee, an ex-Google employee. 7 billion, putting it in the top 5 list of cryptocurrencies by market cap. So for every 1 MB Litecoin block, that block carries a transaction and their witnesses (i.Dragonchain.. Litecoin is also open source, decentralized, and backed by cryptographic math to secure transactions. .Augur.