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Publisher's Summary

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some minor technical differences compared to Bitcoin and other major cryptocurrencies. Litecoin also has almost zero payment cost.

Litecoin was released via an open-source client on GitHub on October 7, 2011, by Charlie Lee, a former Google employee. The Litecoin network went live on October 13, 2011. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.

Litecoin reached a one billion dollar market capitalization in November 2013. By late November 2017, its market capitalization was US $4,600,081,733 ($85.18 per coin).

In May 2017, Litecoin became the first of the top five (by market cap) cryptocurrencies to adopt Segregated Witness. Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second.

©2017 Jeffrey Roberts (P)2017 Jeffrey Roberts

What members say

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  • 01-23-18

Decent intro to cryptocurrency

I was given this free review copy audio book at my request and have voluntarily left this review.

This was a decent, high level, overview of Litecoin and how it works. I felt this was concise and well put together. The narration was good for what it covered.

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Very Informative

It appears that cryptocurrencies are the wave of the future. This short introduction to Litecoin was very informative and the information was presented in an easy to understand fashion. The comparisons between Litecoin and Bitcoin were very helpful. I believe that the audiobook was intentionally repetitive, designed to ingrain the information in the listener's mind. The mining aspect was of particular interest to me. The narration was excellent and the pacing was appropriate for the subject manner. Anyone who is considering Litecoin will find this audiobook both interesting and useful.

I was given this free review copy audiobook at my request and have voluntarily left this review. This review is my honest opinion.

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I think the economic world will change enormously

this info book was very interesting... it shows us that there will be an economic change in the world and it's already began a very cool and good perspective in 30 minutes ...

I was given this free review copy audiobook at my request and have voluntarily left this review."

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The Silver equivalent to Bitcoin's Gold

Excellent addition to my crypto knowledge base. The content is well presented and the narrator was easy to listen to.

I could listen to these intros all day long. Check it out if you are interested. You should be interested.

I was given this free review copy audiobook at my request and have voluntarily left this review.

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Bitcoin's little brother

I've enjoyed listening to these short books lately about tech. It's just the right amount of time to get a conversational understanding without getting overwhelmed by the advanced topics. This is the 3rd I've read lately about cryptocurrencies. It's been interesting to compare/contrast them.

This book was given to me for free at my request and I provided this voluntary review.