History of Litecoin…..👈

Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles "Charlie" Lee, a former Google engineer. Litecoin was adapted from Bitcoin's open-source code but with several modifications. Like Bitcoin, Litecoin is based on an open-source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoin in aspects like faster block generation rate and use of Scrypt as a proof of work scheme.

It is considered to be among the first altcoins, derived from Bitcoin's original open-source code.

Initially, it was a strong competitor to Bitcoin. However, as the cryptocurrency market has become much more saturated and competitive in recent years with new offerings, Litecoin's popularity has waned somewhat.#Free #educational #edu #GOATMoments #BRC20