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Facts about Litecoin

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Ethereum was launched in 2014 by a band of coders. It was designed with a basic concept that anyone can easily code any type of app along with deploying it on blockchain. As far as ethereum token is concerned, then they are digital assets that is built on ethereum blockchain. So in short ethereum is a platform that is probably used to create smart contracts that will represent digital assets called ethereum token. So today…

Although Litecoin and Bitcoin are direct competitors still they are similar in certain ways. Litecoin was originally coined and developed by Charlie Lee in 2011.There were times when Bitcoin was used, mining difficulty was increased due to competition within the network. This issue was solved only after accounting for electricity and mining cost by using Application Specific Integrated Circuit(ASIC) miners. In order to avoid this ASIC miners Charlie Lee developed Litecoin which was more memory…