One has introduced smart contracts and is the fabric of decentralized finance, the other is... a meme.
The Litecoin cryptocurrency is a fork of the Bitcoin codebase that was positioned as “a silver to Bitcoin’s gold.” It was created by former Google and Coinbase engineer Charlie Lee in 2011.
While similar to Bitcoin in terms of tech and monetary policy, even featuring its own periodic halving of its supply schedule, Litecoin features some core changes such as block times that are four times longer and a supply cap that is four times as large compared with BTC.
One key technical difference Litecoin has with Bitcoin is its mining algorithm, Scrypt, which makes it easier for users to generate hashes with commonly available hardware and participate in the mining process.
In June 2017, Charle Lee left his position at Coinbase to commit to Litecoin full time and is currently head of the Litecoin Foundation, which stewards and finances Litecoin ecosystem development.
Crypto adoption is booming in 2021, but how long can the celebrity-fuelled hype train last?10214
A 17GB personal data leak reportedly sprung from the Pi Network mobile app.49460
Litecoin price achieves $400 amid an overall crypto market boom.91613
EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.49765
Litecoin continues to gain strength as traders' attention shifts to a broader altcoin market against Bitcoin's slowing uptrend.82085
Experts say DOGE traders rotating profits into Robinhood-listed altcoins could be behind the rally in LTC, BCH and ETC.33878
Another city in the United States is looking to add Bitcoin payments and mining activities to the city’s balance sheet.7242
A crypto exchange is embracing gamification — and enabling traders to unlock achievements based on the digital assets they buy, and how often.13286
Venmo is following in the footsteps of its rival, Square’s Cash App, by introducing cryptocurrency trading.19808
A new resolution would establish a task force to study crypto in Miami-Dade County's public administration.9390
Major European digital asset investment firm CoinShares has launched its third physically backed ETP in 2021.13287
A checkout service will be implemented which waives transaction fees for purchases made using crypto, PayPal's president and CEO confirmed.14443
Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin.18687
XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now, they want to enter the fray as third-party defendants.33849