The Litecoin cryptocurrency was created in 2011 by a soft developer named Charlie Lee. Lee was working as a software engineer for Google at this time, when he came up with the idea of ??creating a currency based on the Bitcoin code. But with some differences.
The speed of transactions on the Litecoin network is definitely one of those differences while Bitcoin takes an average of 5-10 minutes to process a transaction Litecoin only takes 2.5 minutes, this makes Litecoin much more useful for everyday use like payments, shopping, betting
Another important difference is the amount of coins that can be created. Bitcoin has a maximum limit of 21 million coins while Litecoin has a maximum limit of 84 million, which obviously has an impact on its market price
Developer Charlie Lee launched Litecoin as an open source project in 2011 and has since been working on improvements to Litecoin technology.
Litecoin has a strong fan following and an active community of developers who contribute to the improvement of the coin.
Nowadays Litecoin is one of the most popular and widely traded currencies, with a market capitalization of billions of dollars, the currency is widely accepted in online stores and even in some physical stores as a means of payment, in addition to being used as an investment and store of value.
I personally find Litecoin to be a great coin, and I honestly don't hear much about it from the SEC or other regulatory bodies. Charles Lee must be doing a good job.
What do you think about LITECOIN? leave your opinion too.
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