Litecoin is a cryptocurrency created by Charlie Lee, a former Google engineer, who described it as silver to Bitcoin's gold. It was released as open-source software, based on the Bitcoin code but with a faster block time of two and a half minutes, a different hashing algorithm called Scrypt that was meant to make mining with specialized hardware harder, and a larger total supply of 84 million coins. Specialized mining hardware for Scrypt did appear later. Litecoin was among the first altcoins to gain wide use, and it adopted technologies such as Segregated Witness and the Lightning Network early. Lee sold his holdings in 2017 to avoid a conflict of interest.
Before and after
- 29 September 2011Launch of Tiangong-1
- from 2 October 2011 to 26 April 2020Premiere of Homeland
- 5 October 2011Death of Steve Jobs
- 5 October 2011Premiere of American Horror Story
- 7 October 2011Release of Litecoin
- 10 October 2011Creation of Dart
- 20 October 2011Death of Muammar Gaddafi
- 23 October 2011Van earthquake of 2011
- 8 November 2011Launch of Fobos-Grunt
More in Science & technology
- 25 April 1953Watson and Crick publish the structure of DNA
- 1971Email
- 1973Mobile phone
- 20 November 1985Creation of Microsoft Windows
- July 2000Discovery of livermorium
- 20 October 2004Creation of Ubuntu
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 21st century.