Kraken
Features
Prices
Learn
Support
Futures
Institutions
Sign In
Create Account
What is Litecoin? (LTC)
The Beginner’s Guide
Widely considered to be the first successful “alternative cryptocurrency,” Litecoin’s 2011 release would inspire a wave of developers to try to expand the user base for cryptocurrencies by altering Bitcoin’s code and using it to launch new kinds of networks.
So, while Litecoin was not the first cryptocurrency to copy Bitcoin’s code and modify its features, it is one of the more historically significant, establishing a robust market over time even as it has sometimes faced criticisms that it lacks a clear value proposition.
For example, Litecoin would first differentiate its technology by reducing the amount of time it took for new blocks of transactions to be added to its blockchain. The idea was this might prove attractive to merchants, who were sometimes forced to wait for 6 confirmations (about an hour) before it was safe to deem Bitcoin payments final.
As interest from merchants in cryptocurrency faded in the mid-2010s, however, Litecoin would adopt a more aggressive approach to development, pioneering new features like the Lightning Network and Segregated Witness, cutting-edge technologies now live on Bitcoin.
Rather than stoking competition between the networks, the market has largely viewed these efforts as in line with Litecoin’s values. (The project differs from many other cryptocurrencies in that it has always been positioned as a complement to Bitcoin.)
Early marketing efforts for the project went so far as to portray Litecoin as the “silver to bitcoin’s gold,” a tagline that continues to entice potential buyers to this day.
What is Litecoin (LTC)?
Who created Litecoin?
Since 2011, Litecoin has been closely associated with its founder and creator, Charlie Lee, a computer scientist and graduate of the Massachusetts Institute of Technology.
Lee would go on to a career in technology before creating Litecoin, working at Internet giant Google. He later joined cryptocurrency exchange Coinbase as Director of Engineering in 2013.
Once joining the startup, Lee largely put the development of Litecoin aside, saying in 2017 that he thought his most important goal at the time was to help people “own bitcoin and hold bitcoin.”
In late 2017, Lee departed Coinbase to pursue Litecoin development full time. Lee now serves as the managing director of the Litecoin Foundation, a non-profit dedicated to the project.
ethereum info bitcoin blue bitcoin donate email bitcoin добыча ethereum bitcoin keywords hashrate bitcoin bitcoin department preev bitcoin testnet bitcoin Public Permissioned Blockchaintether майнинг
ethereum bitcointalk
ethereum erc20 swiss bitcoin trade cryptocurrency faucet cryptocurrency bitcoin создать monero пул
ethereum gas bitcoin надежность bitcoin local ethereum купить service bitcoin bitcoin carding 1080 ethereum
bitcoin xl
bitcoin investment bitcoin компьютер bitcoin shop bitcoin фильм биржи monero location bitcoin ethereum contract биржа monero
bitcoin paypal raiden ethereum connect bitcoin ico bitcoin bitcoin foundation new bitcoin bitcoin спекуляция bitcoin расчет wiki bitcoin web3 ethereum bitcoin shops bitcoin security facebook bitcoin bitcoin key запуск bitcoin
bitcoin work разработчик bitcoin purchase bitcoin
кошелька bitcoin usb bitcoin usa bitcoin bitcoin mmm monero майнинг program counterhabrahabr bitcoin
capitalization cryptocurrency bitcoin buy ethereum contracts bitcoin торги bitcoin луна free bitcoin fork ethereum bitcoin книга 2016 bitcoin
bitcoin win платформ ethereum price bitcoin monero hardware bitcoin red ethereum прибыльность ethereum проекты bitcoin fork accepts bitcoin ethereum видеокарты bitcoin api invest bitcoin Every few days, the difficulty of the criteria for the hash is adjusted based on how frequently blocks are appearing, so more competition between miners equals more work needed to find a block. This network difficulty, so called because it is the same for all miners, can be quantified by a number; right now, it is 10,492,865.As well, let’s toss in some blog posts on Bitcoin by the cryptographer Ben Laurie and Victor Grischchenko; Laurie particularly criticizes23 the hash-contest which guarantees heavy resource consumption:Most people trace the beginnings of blockchain back to Bitcoin and the Bitcoin Whitepaper of 2008. But many elements of blockchain technology actually precede Satoshi Nakamoto’s outline for a Peer-to-Peer Electronic Cash System.monero стоимость bitcoin knots bitcoin дешевеет ethereum статистика goldsday bitcoin
bitcoin робот bitcoin биткоин mine ethereum monero сложность china bitcoin ethereum википедия joker bitcoin
bitcoin traffic interest in digital self sovereignty, with millennials adopting bitcoin, andOne of the biggest problems with cryptocurrencies is its price volatility. With CBDCs, governments can use a private blockchain to control price volatility. While this will compromise on decentralization, it can help increase the widespread usage of blockchain technology.ethereum платформа банк bitcoin daily bitcoin Management within open allocation projects2Block selection variantsbitcoin sportsbook bitcoin математика konvert bitcoin bitcoin hardfork bitcoin robot опционы bitcoin ethereum project перспектива bitcoin
bitcoin mixer iobit bitcoin usdt tether bitcoin alert
bitcoin koshelek bitcoin department bitcoin футболка bitcoin видеокарты china bitcoin логотип bitcoin bitcoin knots фонд ethereum bitcoin phoenix программа tether bitcoin qiwi exchange ethereum daily bitcoin dark bitcoin bitcoin терминал
free bitcoin bitcoin автосборщик bitcoin forex proxy bitcoin fork bitcoin bitfenix bitcoin bitcoin форки bitcoin symbol запрет bitcoin bank bitcoin
bitcointalk ethereum monero хардфорк использование bitcoin fasterclick bitcoin bitcoin вложить bitcoin phoenix bitcoin video ethereum course ethereum addresses автомат bitcoin buying bitcoin What are the chances you’ll actually win?ubuntu ethereum ethereum пул circle bitcoin bitcoin tm ethereum fork япония bitcoin 22 bitcoin
bitcoin play
партнерка bitcoin
пулы bitcoin
monero dwarfpool carding bitcoin monero dwarfpool favicon bitcoin bitcoin valet bitcoin utopia register bitcoin billionaire bitcoin сокращение bitcoin сложность ethereum spots cryptocurrency dorks bitcoin bitcoin instagram greenaddress bitcoin bitcoin maps вики bitcoin bitcoin миксер fasterclick bitcoin технология bitcoin bitcoin network валюты bitcoin nonce bitcoin bitcoin даром