The heyday for mining established cryptocurrency has all but come and gone. These days you seriously need to know what you’re doing if you want to compete with the big boys. Industrial-scale operations have driven many enthusiasts to look for opportunity in smaller coins in hopes of catching the next big trend. Continue reading Two Sides of the Coin: Litecoin Mining vs Bitcoin Mining
Charlie Lee, former director of engineering at Coinbase crypto exchange and the creator of Litecoin (LTC) has expressed his intention to make the altcoin a global decentralized cryptocurrency in an interview with TenX made Friday, April 27. He also claimed that that goal would require him to eventually “step away” from Litecoin as its leader. Continue reading Charlie Lee says that to make Litecoin More Decentralized, Eventually I Would Step Away
One of the main critiques about Bitcoin is the digital currency’s troubles offering timely and cost-effective payments. Charlie Lee, the founder of Litecoin, foresaw Bitcoin’s future payment issues, and took action by designing a more payments-friendly blockchain.
After earning the nickname, ‘SatoshiLite’, Mr. Lee earned a job at Coinbase, the large San Francisco-based crypto-exchange. Mr. Lee left Coinbase last year. Thereafter, he sold his Litecoin so that he could act more freely as a champion for the digital currency he founded and not be accused of pumping and dumping. Continue reading Litecoin Payments are Quietly Starting to Catch On
Litecoin creator Charlie Lee and the Litecoin Foundation have each apologized for failing to conduct due diligence on LTC-based payment processing startup LitePay, which has sparked allegations of conducting an exit scam due to its abrupt closure. Continue reading Charlie Lee, Litecoin Foundation Apologize After LitePay Vanishes