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Litecoin Cryptocurrency The Differences From Bitcoin

Litecoin Cryptocurrency

Litecoin Cryptocurrency

Litecoin is a peer-to-peer Cryptocurrency and open source software project released under the MIT/X11 license.Litecoin cryptocurrency there is different in some ways from Bitcoin.The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin’s 10 minutes. The developers claim that this allows Litecoin to have faster transaction confirmation

Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.
The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC).

History About Litecoin Cryptocurrency

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, is a former Google employee.
The Litecoin network went live on October 13, 2011.
It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm , and a slightly modified GUI.

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.

In November 2013 the Litecoin reached a $1 billion market capitalization.

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