Summary

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some minor technical differences compared to Bitcoin and other major cryptocurrencies. Litecoin also has almost zero payment cost.
Litecoin was released via an open-source client on GitHub on October 7, 2011, by Charlie Lee, a former Google employee. The Litecoin network went live on October 13, 2011. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.
Litecoin reached a one billion dollar market capitalization in November 2013. By late November 2017, its market capitalization was US $4,600,081,733 ($85.18 per coin).
In May 2017, Litecoin became the first of the top five (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second.
©2017 Jeffrey Roberts (P)2017 Jeffrey Roberts
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5 out of 5 stars
By Alan on 12-02-18

Good intro to Litecoin, not necessarily to crypto

This is a good honest introduction to Litecoin, but not necessarily to cryptocurrencies. Those completely new to cryptocurrencies may want to start elsewhere, since this goes fast and assumes you have some basic idea of what cryptocurrency is and throws in some technical terms without explaining them. That being said, this is great for those already familiar with cryptocurrencies who want to know what sets Litecoin apart from the others without getting bogged down in explanations of things you probably already know.

In addition to explaining some of Litecoin's current features and what sets it apart from bitcoin and other popular cryptocurrencies this book also explores some features currently under development and how they might be useful.

I like that this book doesn't try to sell you Litecoin as THE cryptocurrency. Many other sources of information about various cryptocurrencies get caught up in the hype or try to sell their preferred currency as the best. This book doesn't do that and comes across as honest, highlighting Litecoin's strengths as well as its flaws.

This audiobook is thirty minutes long, so you're not going to learn everything you need to know about Litecoin. But with a new cryptocurrency popping up every time it rains it's a full time job keeping up with them all. This audiobook will help you decide if Litecoin is something you wish to pursue further without a huge initial time investment.

I received this audiobook for free in return for providing my honest and unbiased review.

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5 out of 5 stars
By LaPazBC on 10-02-18

Intro to Litecoin

In this short introduction to Litecoin I learned the difference between Litecoin and Bitcoin and how they are processed. It’s perfect for a crypto currency beginner like me.

Andrew S Baldwin’s narration was very professional.

I received this audio-book free for an honest review by the author, narrator, or publisher. Thank you!!!

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