Litecoin chain
Overview
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. It is a fork of Bitcoin, using the Scrypt proof-of-work algorithm instead of SHA-256, and is designed for faster transaction confirmation times. Litecoin is primarily used for payments and as a test network for Bitcoin protocol improvements.
Within the DeFi Intel graph, Litecoin connects to 4 tracked entities, most strongly to Coinbase Bridge, Coinbase Bridge, Charlie Lee.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
bridges | Coinbase Bridge | 95% |
deployed_on | Coinbase Bridge | 95% |
founded | Charlie Lee | 95% |
deployed_on | Coinbase Bridge | 85% |
Frequently asked questions
What is Litecoin?
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. It is a fork of Bitcoin, using the Scrypt proof-of-work algorithm instead of SHA-256, and is designed for faster transaction confirmation times.
Who created Litecoin?
Litecoin was created by Charlie Lee in 2011.
What is Litecoin primarily used for?
Litecoin is primarily used for payments and as a test network for Bitcoin protocol improvements.