LITECOIN: CLOSE UP ON VIRTUAL CURRENCY THAT EXPLOSES

account of the attractiveness of Litecoin, one of the three virtual currencies offered by Coinbase, the popular US exchange platform. It grew by more than 300% in one month and 5.900% over one year (against 168% and 1.870% for Bitcoin). A Litecoin is currently trading around 200 euros (*). If we had to describe it briefly, we could say that it has the qualities of Bitcoin but not its faults. His problem, however, is not to be ... Bitcoin.
Litecoin was created in 2011 by Charlie Lee, a former Google and especially the former director of engineering Coinbase. He leads his project transparently by communicating regularly on social networks (while the identity of the creator of Bitcoin remains a mystery). Just like Bitcoin, Litecoin has been conceived as a way to make financial transactions by eliminating traditional intermediaries like banks. Its code was developed on the model of its big brother, but its operation makes it much more efficient.