WHAT IS LITECOIN? – FREE-LTC

WHAT IS LITECOIN?

1.A LITTLE ABOUT LITECOIN
The first appearance of the cryptocurrency was recorded in 2011, and 2 years later, litecoin sharply jumped up.

At that time, analysts seriously began to believe that the currency would become number 2 after bitcoin.

Further steps in the market slowed down the growth of LTC. In 2014, bitcoin went into free float and grew every day, and litecoin seemed to hang in one place.

Even then, there were the first signs of instability of the currency.

The main reason for the brake was the position of the miners, who said that it is not at all profitable for them to mine LTC, compared to bitcoin.
Miners contributed to the popularization of the crypto coin, and litecoin slid sharply from second place to fourth.

We almost forgot to mention who became the creator of the crypto asset.

If bitcoin was created by the fictional Satoshi Nakamoto (no one still knows who is hidden under this name), then litecoin has a founding father-Charles Lee, a talented programmer who lives in the United States, in San Francisco.
At the time of the creation of the digital currency, Lee worked for Google, which represented the services of Coinbase.

2.TOTAL SUPPLY OF LITECOIN
How many Litecoin coins will be mined?

The issue of LTC will be presented to the 84 million units. By 2022, about 80% will be mined.

3.SOME INTERESTING FACTS ABOUT LITECOIN
1.Currently, the formation of litecoin blocks is 4 times higher than that of bitcoin.Developer Charles Lee was suspected of being the creator of bitcoin, but Lee himself protested these charges.
2. Open source code is hosted on GitHub. After the launch of SegWit, it was necessary to radically change the working version to the 0.14.2.
3 series. Until the end of 2013, everyone believed that litecoin was an alternative to bitcoin.
4. During the 1st trading session in November 2013, the value of the digital currency increased by 100%.
5. After the launch of the SegWit platform in April 2017, the cost of 1LTC was about $50, which is 10 times higher than the initial figures.
On December 6.12, 2017, the historical maximum was reached — about $400.