20. August 2025

Litecoin

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Litecoin is a cryptocurrency that was founded in 2011 by Charlie Lee, a former engineer at Google. It is based on open-source software and uses the same core technology as Bitcoin, but with faster transaction times and lower costs. The goal of Litecoin is to provide a more efficient and accessible payment system that can be used both in everyday transactions and as a complement to other digital assets.

Thanks to its solid technology, long history, and continuous development, Litecoin has gained a reputation as one of the most established and reliable cryptocurrencies on the market. It is therefore often considered a trustworthy option for those who want to explore or take their first steps into the world of digital financial innovation.

Charlie Lee, founder of Litecoin

Charlie Lee is a computer scientist and entrepreneur best known as the creator of Litecoin, which he launched in 2011. Born in Ivory Coast and raised in the United States, Lee studied computer science at the Massachusetts Institute of Technology (MIT), where he earned both his bachelor’s and master’s degrees. He worked as a software engineer at Google before creating Litecoin as a faster, more lightweight alternative to Bitcoin. Later, he joined Coinbase as Director of Engineering, helping to build one of the world’s largest cryptocurrency exchanges. Today, Lee continues to be an influential figure in the cryptocurrency space and serves as Managing Director of the Litecoin Foundation, which supports the ongoing development and adoption of Litecoin.

What has Litecoin to offer

Litecoin has a couple of improvements over Bitcoin. Where LTC is more featured towards being a transactional cryptocurrency it has a four times faster blocktime than Bitcoin. This means that it produces block, and transactions, four times faster, making it a good canditate for micro-transactions. Total coins in circulation are also more than on Bitcoin and it uses the scrypt alhorithm for mining. These improvements work to make Litecoin a more suitable alternative for day to day transactions and payments in general.

Additional information

• https://litecoin.com/