“In 2011, two years after the birth of Bitcoin, former Googler and MIT grad Charlie Lee decided to create a version of Bitcoin that would make it more accessible. He called it Litecoin. ‘I think Satoshi [Nakamoto, Bitcoin’s pseudonymous creator] is great, and Bitcoin is awesome,’ Lee said in a recent interview with BI. ‘I didn’t fix Bitcoin. I just made small changes that made [Litecoin] a little bit better.’ Litecoin is not the only digital currency to have mounted Bitcoin’s virtual coattails. Coinmarketcap lists about two-dozen ones who’ve seen their prices increase in the past few months. Litecoin appears to be the first among these secondary equals, something reflected in its $670 million market cap.”
http://www.businessinsider.com/introduction-to-litecoin-2013-11
Tip Freedomwat.ch Staff with Bitcoin