|Tech||POW, Scrypt hashing algorithm|
|Supply||54,657,558 LTC/84,000,000 LTC|
|Price||$25.744961003 USD (daily update)|
Litecoin, which was inspired by and is nearly identical to Bitcoin, released on October 13 2011.
- Processes blocks every 2.5 minutes, opposed to Bitcoin's 10 minutes. Developers claim this allows Litecoin to have faster transactions.
- Has all the features of Bitcoin but with improvements.
- Name recognition.
- Litecoin is a modified version based on Bitcoin. It does not introduce new ideas like other altcoins, which means that the market could be harmed if people do not find use in it.
Some notable Ripple employees include:
|Charlie Lee||Creator||ex-Director of engineering at Coinbase, software engineer at Google. MIT graduate.|
|Xinxi Wang||Board of Directors||Founder of COINUT, WorkForBitcoin. PhD in Computer science from National University of Singapore.|