16 Jun '13, 11am

Meet Litecoin, Bitcoin's little brother

Meet Litecoin, Bitcoin's little brother 16 June 13 by Duncan Geere Tweet Litecoin Priced out of the Bitcoin market? Look no further than Litecoin , an alternative cryptocurrency that's gaining popularity fast. When we first wrote about Bitcoin, back in May 2011 , we asked whether the same forces that are changing the entertainment, media and communications industries could affect global financial institutions. That vision has yet to come to pass in the two years since, but Bitcoin's value has soared from $8 then to $100 at the time of writing. Enter Litecoin, an almost-identical cryptocurrency with a few small tweaks - it's easier to generate, and there's more of it. In this way, Business Insider calls it "the 'silver' to Bitcoin's 'gold'". Litecoin value ltc-charts.com To be more specific, while Bitcoin circulation is capped at 21 million, 84 Litecoins will be generated. ...

Full article: http://www.wired.co.uk/news/archive/2013-06/16/litecoin

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