One a many successful inventors of a cryptocurrency doesn’t trust that his invention, or Bitcoin for that matter, are indispensably here to stay.
Litecoin was designed by Charlie Lee to be a supposed “silver” to Bitcoin’s “gold” in a renouned analogy that compares a digital banking to a changed metal. On Wikipedia, it states that Litecoin was invented, in part, to “process a retard each 2.5 minutes, rather than Bitcoin’s 10 minutes, that a developers explain allows for faster transaction confirmations.”
Litecoin has gained in recognition over a story – it was launched on github on Oct 7, 2011 – with a solid boost in transaction volume over time. Moreover, it is traded on many opposite exchanges, including Bitfinex, BTC-e, OKCoin, BitBay, Kraken, Yacuna and Huobi, BTC China and OK Coin trade a digital currency.
Charlie Lee, who now focuses on operative during Coinbase as Director of Engineering, common his thoughts with CCN on how Bitcoin, as good as Litecoin, could fail. For a 38-year-old programmer, dual scenarios