In May 2017, Litecoin ended up being the initial of the top-5 (by market cap) cryptocurrencies to take on Segregated Witness.Later in May of the exact same year, the very first Lightning Network purchase was finished with Litecoin, moving 0.00000001 LTC from Zürich to San Francisco in under one secondly.

Litecoin got to a $1 billion market capitalization in November 2013. By late November 2017, its market capitalization was US$ 4,600,081,733 ($85.18 each coin).

Litecoin was launched using an open-source customer on GitHub on October 7, 2011 by Charlie Lee, a previous Google employee.The Litecoin network went survive October 13, 2011. It was a fork of the Bitcoin Core customer, varying mostly by having actually a lowered block generation time (2.5 mins), raised optimum variety of coins, various hashing formula (scrypt, as opposed to SHA-256), as well as a somewhat changed GUI.

Throughout the month of November 2013, the accumulated worth of Litecoin experienced enormous development that included a 100% jump within 24 hrs.

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