why was litecoin created

Last Updated on October 14, 2023 by Paganoto

Litecoin (LTC) Definition – Investopedia

Litecoin (LTC) Definition – Investopedia

Litecoin was launched with the aim of being the "silver" to Bitcoin's "gold." Like Bitcoin, Litecoin is a peer-to-peer internet currency. It is a fully decentralized, open-source, global payment network. Lee developed Litecoin with the aim to improve on Bitcoin's shortcomings.

Litecoin (LTC) Definition – Investopedia

Litecoin (LTC) Definition – Investopedia

Litecoin is a cryptocurrency founded in 2011, two years after Bitcoin, by a former Google engineer named Charlie Lee. It shares similar features with Bitcoin …

What is Litecoin: A beginners guide to LTC and how it works

What is Litecoin: A beginners guide to LTC and how it works

Litecoin (LTC) is widely considered to be the first alternative cryptocurrency. It was launched on October 13, 2011, with the goal of being “the silver to …

The Complete History of Litecoin (LTC) – CoinLoan

The Complete History of Litecoin (LTC) – CoinLoan

Litecoin was created in 2011 by Charlie Lee, a Google employee. It was a Bitcoin fork, but with a few differences. Lee wanted to create a similar network, …

What is litecoin? – CMC Markets

What is litecoin? – CMC Markets

Litecoin was designed to be used for cheaper transactions, and to be more efficient for everyday use. In comparison, bitcoin was being used more as a store …

What Is Litecoin? How Does It Work? – Forbes

What Is Litecoin? How Does It Work? – Forbes

As its name suggests, Litecoin was originally created to improve several of Bitcoin’s perceived shortcomings, such as slow transaction …

Litecoin – Wikipedia

Litecoin – Wikipedia

Creation and launch

What is Litecoin (LTC)? | Kraken

What is Litecoin (LTC)? | Kraken

The two main differences are that Litecoin aims to finalize transactions faster and that it uses a different mining algorithm. On Litecoin, new blocks are added …

Litecoin (LTC) Explained – The Balance

Litecoin (LTC) Explained – The Balance

Litecoin is a fork of Bitcoin, which means it is based on the same software with some updates and changes. In the case of Litecoin, the updates allow …

Litecoin vs. Bitcoin: Like Silver and Gold – Gemini

Litecoin vs. Bitcoin: Like Silver and Gold – Gemini

Litecoin (LTC) was created in 2011 in an effort to introduce a cryptocurrency with increased accessibility and transaction throughput that would be better …