Crafted with ♥ by Trade Crypto Live
It started with 2.5 minutes block times (compared to, then, 10 minutes for BTC) for speed, no premining, and with a good name and marketing. Basically, improvement on BTC and other altcoins of that time (2011).
Presently, LTC is primarily used for transactions between exchanges and wallets.
If LTC is going to be everyday currency, it has competition in the form of XLM and, to some extent, XRP. The main strength of LTC is that it is fully decentralized, especially now with Charlie Lee again in full control without media worries and its fork of BTC, original code of Satoshi Nakamoto.
INITIAL COIN OFFERING (ICO)
There are rumour’s around conspiracy with the distribution side of things on forums and chat groups. Some argue that Litecoin is a group of 10,000 people with 90% of all coins are owned by 100 accounts. Links are in References and Links for further information.
Creators / Founders
Core Development Team
Board of Directors
Charlie Lee (US) – Managing Director
Thanks to his time at Coinbase and LTC, Lee is regarded as a key influencer in the crypto space and he has accumulated more than 378,000 followers on Twitter, where his handle is @SatoshiLite.
Xinxi Wang (SG) – Director
Founder and CEO of Coinut Exchange, LitecoinCore developer and Angel Investor with Overlay Technologies from Singapore.
Zing Yang – Director
Experience from strategic management position in investment and funds sectors with B.B.A. degree of Double Major in Finance and Marketing, Summa Cum Laude (Highest Distinction)
Franklyn Richards (UK) – Founding Member and Lead Designer
Keith Yong (SG) – Operations Director
John Eidson – Marketing Director
Senior Management PR professional from USA, greater Boston area.
Adrian Gallagher (thrasher, AU) – Sponsored Full-time Developer