Digital silver: Charlie Lee created Litecoin
Source:In a recent interview the founder of Litecoin talk about the relationship between his project and . Earlier, Lee also was a hero with Roger Ver, where they discussed the problems of the hostility of the community of the two cryptocurrencies. This time Lee spoke about the idea of Litecoin and its main competitors.
How to create a Litecoin
It Turns out that in the first stages of development of Litecoin was created «purely for fun». Lee added that in the process of testing the code of Bitcoin, he felt a desire to create altcon, which would be much better than any other project in the industry of cryptocurrency.
The First thing on the agenda was the launch of the platform with the most fair distribution — Charlie didn't want to do PreMain.
I did not Have superiority over any other platform and I wanted to create something that would complement Bitcoin. That's where the title «silver» for Litecoin.
Charlie also spoke about what projects he believed the main competitors Lidoine and the essence of decentralization.
Decentralization is inefficient, but it creates a new form of money, which is resistant to censorship and any restrictions.
Cryptocurrency it is impossible to issue mindlessly, nor can they be faked. These properties made them very valuable and promising form of money. In human history unlike any other Bitcoin.
Among the other altcoins are not so many interesting projects. At least If allocates only Monero and Bitcoin Cash. However, the main problem of the last — too high a degree of centralization.
We talked with of about the relationship between and , the future of , and his role as a public figure in the industry:
— SFOX (@SFox)
He [Bitcoin Cash] will go to big corporations and miners. Cryptocurrency revolves around the major players, so I'm not really interested.
The most interesting interview with Charlie you put together . The discussion starts in .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Experts: the cryptocurrency industry is on the verge of complete collapse
In the extended publication on the future of cryptocurrencies, analysts at Juniper Research Ltd. presented a rather gloomy overview of the stock market in the coming months and years. According to them, and the whole industry of d...
Will there be a rebound of Ethereum after the fall? The opinion of the traders
against the backdrop of falling Bitcoin in the Ethereum failed to hold above the major support and also rapidly went downhill. Cryptocurrency may be a little to regain lost ground, but it is unlikely that the price action will go ...
Black Thursday: what will happen after the fall of Bitcoin?
Bitcoin is not able to consolidate above the broken triangle on a 1 day chart and rushed down. However, buyers are still «protect» another key support level. the Overall situation looks like this: the the asset fell bel...
At least five major universities in the world have invested tens of millions of dollars in cryptocurrency using the associated funds. The list is Stanford, Harvard, the Massachusetts universities, Duratski College and the Universi...
A fraud: the Bitcoin whales do not affect the volatility of the coin
When Bitcoin or another cryptocurrency is dropping, there are always those willing to take the blame "whales". We are talking about is cryptocurrency the rich, who poured large quantities of coins in a short period of time and thu...
Bitcoin fell to $ 400 for half an hour. What happened?
this morning Bitcoin lost nearly 5 percent of its value within 30 minutes. At the minimum rate of the first cryptocurrency fell by $ 400 compared to the previous day. the previous week, Bitcoin showed the record low volatility. Th...
Dominance: hackers stole 38 thousand dollars a blockchain-based platform for adults
the Hackers used the vulnerabilities in the smart contracts in the blockchain entertainment applications for adults SpankChain. As a result, they stole the coins and tokens ETH BOOTY. The burglary occurred on October 6, however, t...
Mystic prophecy: as in the eighties predicted the creation of Bitcoin
October 10, 2018 — this day was supposed to be a new world currency. At least, to such conclusion the magazine the Economist even thirty years ago. Can it be considered «performance» this prophecy? the What will happen a...
Analyze graphs: the end of the week for Bitcoins?
Today, Bitcoin has broken several important resistances, which held the cryptocurrency from rising from the beginning of October. And while this event did not lead to a sharp price jump, the cost of an asset gradually goes up. the...
Place your bets: what Aldon will rise this week?
the Trend among altcoins do not change for several months — Monero, EOS, Stellar, Cardano and Litecoin continue to fall steadily. It's possible that soon, cryptocurrency will please investors a good point to enter the market. A de...
Why investors should wait to buy Bitcoin? Forecast analyst Fundstrat
last week, Bitcoin showed record stability — the volatility of the coins fell to the lowest level in 17 months. This time it was a good opportunity to recoup losses for altcoins. Many of them really managed to rise significantly a...
Debate: why Charlie considers Whether Roger Faith a hypocrite?
During his debate with Roger Ver, the founder of Litecoin had the opportunity to touch on the topic «hostility» between Bitcoin and Bitcoin to Cash. After discussion of several issues, including the topic , Lee commented...
Income of miners is growing, but profit falls. Why?
a New study has discovered some not very nice facts for miners. Despite the fact that Bitcoin now 40 percent more than a year ago, the profit from its production strongly decreased. this year, the miners managed to earn $ 4.7 bill...
The holiday ended: ICO levies continue to refresh the lows
In 2017 boom — blockchain projects are trying to monetize the interest of media and investors to Scripturally with the initial placement of tokens. During the year, the most successful of them have attracted millions of dollars. ...
Revenues from mining fell after a market capitalization of cryptocurrency, but the mining is still profitable. And earn not only «home» farm owners, but also companies and even religious organizations. the Last attempt ...
Expert: cryptocurrencies are no better than North Korea
the Economist from new York University's Nouriel Roubini is preparing to report to the U.S. Senate about the cryptocurrency and blockchain technology. Like, famous in this industry came up with a new argument for the blow to the r...
When the price of Bitcoin will make a new leap? Expert opinion
Analyst and guest of the show on CNBC Ren Neuner argues that Bitcoin price «about to explode». In his opinion, the price rally will come immediately after the issuance of the official verdict on the cryptocurrency . Reca...
Binance announced the delisting of four coins. What cryptocurrencies will fall even more?
Cryptocurrency exchange Binance will hold a large-scale delisting tokens — in the near future, the venue will cease to trade coins Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG). The reason for such action was ...
Comments (0)
This article has no comment, be the first!