After the inception of Bitcoin, Charlie Lee, a former Google employee, had the vision to create a cryptocurrency (Litecoin) as an altcoin to Bitcoin. Litecoin represents transactions for cheaper and everyday purposes. It was conceived to act like pure digital money. Litecoin was released via an open-source client on GitHub on October 7, 2011. After that, Litecoin has been gaining a lot of attention from the market and became Top 5 and Top 10 of the highest market capitalization cryptocurrencies. The coin was established to allow investors to diversify their investments. It was conceived to act as digital silver.
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