End of year crypto roundup: How did Litecoin perform in 2018?







Litecoin (LTC) was created in 2011 as one of the earliest spin-offs of Bitcoin. Google employee Charlie Lee, its creator, promised — what many others who followed him also do — to improve Bitcoin‘s efficiency for everyday transactions. An average block in Litecoin’s blockchain only takes 2.5 minutes to be processed, in comparison to Bitcoin‘s 10 minutes. Its developers claim that this helps make the transactions faster, although sometimes at the cost of reduced security. This is supposed to help a lot of merchants who only require small transactions and can afford decreased security. If they need more security, the…

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