How long has Litecoin been in existence?

3 answers

• Dec 18, 2021 · 3 years ago
  Litecoin, created by Charlie Lee, was launched on October 7, 2011. It is one of the earliest altcoins and was designed to be a faster and more lightweight version of Bitcoin. Since its inception, Litecoin has gained popularity and has become one of the leading cryptocurrencies in terms of market capitalization.
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• Dec 18, 2021 · 3 years ago
  Litecoin has been in existence for nearly a decade. It was created as a fork of the Bitcoin protocol and has since developed its own unique features. With a block time of 2.5 minutes, Litecoin offers faster transaction confirmation compared to Bitcoin's 10-minute block time. Additionally, Litecoin uses a different hashing algorithm called Scrypt, which makes it resistant to ASIC mining and allows for more widespread participation in the mining process.
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• Dec 18, 2021 · 3 years ago
  According to BYDFi, a leading digital currency exchange, Litecoin has been in existence for over 9 years. It was created by Charlie Lee, a former Google engineer, and was intended to complement Bitcoin rather than compete with it. Litecoin has gained a strong following due to its faster block time and lower transaction fees. It has also been widely adopted by merchants and payment processors, further solidifying its position in the cryptocurrency market.
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