Litecoin was released on October 7, 2011 by Charles Lee a former Google employee. Like bitcoin, it is also generated by mining but a different process to the former. As of February 2015 there are many exchanges that deal with Litecoin, e.g Nigeria’s Largest Exchanger – https://instantexchangers.net
Litecoin offers faster transaction confirmation times and improved storage efficiency than the digital currency it copied, Bitcoin. Though users have continued to increase, there is still the challenge of gaining wide acceptance and getting more people to use the currency.
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