What is Litecoin (LTC)?
Litecoin (LTC) is one of the most traded cryptocurrencies and was released in 2011, two years after Bitcoin. Whereas Bitcoin is often compared to gold, Litecoin is seen as silver.
The technology of Litecoin is based on that of Bitcoin. And Litecoin has gone through rapid growth since early 2017.
How can I use Litecoin?
Litecoin can be used to pay for products and services. Being one of the most prominent cryptocurrencies in the world, an increasing number of companies have started accepting Litecoin payments.
The mission of Litecoin’s founders is to create a cryptocurrency that can be used for small daily transactions, both online and offline.
Who founded Litecoin?
Litecoin was invented by Charlie Lee, a San Francisco-based entrepreneur and former Google employee. Lee envisioned a coin that could be used on a day-to-day basis, whereas he saw Bitcoin as more of a savings vehicle.
Lee still works on Litecoin full time, although he sold his own LTC to avoid any suspicions of a conflict of interest and to create more transparency about his role in the development of Litecoin.
Being a highly visible figure in the cryptocurrency market, this has helped Litecoin gain popularity all over the world.
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