He forked the Bitcoin codebase and made several modifications, such as changing the hashing algorithm to Scrypt, reducing the block time to 2.5 minutes, increasing the block size limit to 4 MB and setting the total supply to 84 million coins. He announced the launch of Litecoin on October 7, 2011, on a popular Bitcoin forum, and released the Litecoin client on October 13, 2011.
What is the Development Roadmap for Litecoin?
The development roadmap for Litecoin is guided by the Litecoin Foundation, a non-profit organization that supports the Litecoin project and community. The Litecoin Foundation works closely with the Litecoin Core developers, who are responsible for maintaining and updating the Litecoin protocol and software.
Some of the main goals and milestones for Litecoin’s development are:
- Improving Litecoin’s security, performance and usability
- Implementing new technologies and features that enhance Litecoin’s functionality and compatibility
- Supporting the adoption and integration of Litecoin by users, merchants and service providers
- Promoting Litecoin’s awareness, education and advocacy among the public and regulators
- Fostering a diverse and inclusive community of Litecoin enthusiasts and contributors
Who are the Key People Behind Litecoin?
Some of the key people behind Litecoin are:
- Charlie Lee: The creator and lead developer of Litecoin. He is also the managing director of the Litecoin Foundation and a prominent figure in the cryptocurrency industry.
- Xinxi Wang: The co-founder and chairman of the Litecoin Foundation. He is also a developer and entrepreneur who has contributed to several Litecoin projects and initiatives.
- Franklyn Richards: The co-founder and director of the Litecoin Foundation. He is also a web developer and designer who has created several websites and applications for Litecoin.
- Adrian Gallagher: The lead developer of Litecoin Core. He is also a software engineer who has been involved in various aspects of Litecoin’s development since 2014.
- David Schwartz: The project director of the Litecoin Foundation. He is also a business development and marketing specialist who has helped to establish partnerships and collaborations for Litecoin.
Litecoin Technology
What is the Underlying Technology of Litecoin?
The underlying technology of Litecoin is based on the Bitcoin protocol, which is a distributed ledger system that records transactions in a public and immutable way.
