L2011. The cryptocurrency was created primarily based on the Bitcoin protocol, however it differs when it comes to the hashing algorithm used, laborious cap, block transaction instances and some different elements. Litecoin was launched by way of an open-source consumer on GitHub on Oct. 7, 2011, and the Litecoin Community went dwell 5 days afterward Oct. 13, 2011.
Lee’s intention behind Litecoin was to create a “lite model of Bitcoin,” and its builders have all the time said that Litecoin might be seen because the “silver” to Bitcoin’s “gold.” Litecoin differs from Bitcoin in its prioritization of transaction affirmation velocity, which is about 2.5 minutes per block. Nonetheless, Litecoin customers might have to attend as much as round half-hour for his or her transaction to be processed as a result of community congestion.
Litecoin is accepted at a wide range of retailers, you may see an up to date record on the Litecoin Basis’s web site
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