Litecoin

History

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charles Lee, a former Google employee.<ref name="Litecoin">Template:Cite web</ref> It was a fork of the Bitcoin-Qt client, differing primarily by having a decreased block generation time, increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256<ref>Template:Cite web</ref>), 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.<ref>*****o</ref>

Litecoin reached a $1 billion marketcap in November 2013 <ref>*****o</ref> but as of February 2015, its market capitalization is back to pre-November 2013 levels — Template:US$ with the price dropping to sub $1 levels.<ref name="ltc-block-explorer">Template:Cite web</ref>