What is Litecoin?
What is Litecoin Introduction Litecoin is also the baby brother of bitcoin, and this is the first altcoin (alternative coins) in the world of cryptocurrencies. Mr. Charlie Lee has created Litecoin coding. He was the ex-employee of Google Inc as well as engineer director of Coinbase. He wanted to develop an alternative of bitcoin, which is cheap in rate and easy to buy. To concise, if you assume Bitcoin as Gold, then Litecoin is assumed to be silver. Silver can be bought at a cheaper rate and easily, even though it is a precious metal. It is said that you may not think of bitcoin, but you can think of Litecoin straightforwardly. History Litecoin was introduced on 7th October 2011 via an open-source on GitHub. This has minimized the formation of new block timing and increased maximum number of coins. It also has a unique algorithm Scrypt as compared to SHA-256 of bitcoin. It has also updated the kind of graphical user interface (GUI). On December 18th 2017, Litecoin touc