I plan to breakdown Litecoin into few part and decided this one as part want to make easier for you to understand Litecoin in more depth. In this part I will include form its perspective, development history and current status. Without taking so much time of you let’s get into the introduction.
Introduction To Litecoin LTC
Litecoin was created by Charlie Li, a former Google employee, who devoted himself in a quest to fulfill his vision of creating a lighter version of Bitcoin BTC. Technically, Litecoin nearly resembles Bitcoin.
Akin to bitcoin, creation, and transform of Litecoin is based on an open source cryptographic protocol and is not managed by central authority. The Litecoin network is scheduled to produce 84 million LTCc, which is 4 times as many currency units as Bitcoin, with the corrent circulation supply satand at 61,276,211 LTC>
Litecoin’s Chronicle of milestones
*Litecoin was released via an open source client on Githun on OCT, 2011.
*On Aug,26 2015, the litecoin block rewar halved for the first time, with the Litcoin output per block reducing from 50 to 25.
*On july 3rd, 2016 the Litcoin Association that advocates for Litecoin, teamed up with the Litecoin’s core development team and released a roadmap 2016 outlining its plan for future.
*On june,12 2017, Charlie Lee announced that Lightning Network of Litecoin Was officially launched.
Litecoin LTC leverages the underlying values of Blockchain infrastructures and enjoys deep liquidity in crypto market. Also, the number of litecoin AM’s has seen exponential growth lately and now stands second only to Bitcoin globally.
Litecoin LTC Status
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