Friday , 23 February 2018

Tag Archives: Charlie Lee

Charlie Lee will test a new method of transaction fee estimation

More than six years have passed after initial launch of Litecoin, which is an altcoin that has long been marketed as the “silver to bitcoin’s gold”. Its creator Charlie Lee simply took the Bitcoin Core codebase, changed a few parameters (such as the block time and mining algorithm), and then posted the new creation on bitcointalk.org. This close relationship to …

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Charlie Lee sold all his Litecoin

Founder of litecoin Charlie Lee has informed the community today that he no longer has any meaningful direct exposure to the cryptocurrency, having sold and donated all his LTC holdings in recent past days. Writing on Reddit he explains that this was done to avoid the appearance of a conflict of interest when promoting LTC as someone with so much …

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Litecoin price hits $300

Litecoin price has achieved $300, as it surpassed IOTA with a $15 billion market cap, to become the fourth largest cryptocurrency in the world behind Bitcoin Cash. Ari Paul, a prominent bitcoin analyst and the co-founder of Blocktower Capital, noted that the market cap of Litecoin has surpassed the entire cryptocurrency market valuation 15 months ago. Earlier today, Litecoin creator …

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SegWit2x hard fork support is decreasing

On October 27, Litecoin creator and former Coinbase executive Charlie Lee revealed that GBMiners, a major mining pool operator, has stopped signaling for the SegWit2x hard fork expected to occur in mid-November. Earlier this month, F2Pool, another leading mining pool operator with 14 percent of the global bitcoin hashrate, stopped signaling for the SegWit2x hard fork. According to the NYA …

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Bitcoin community criticizes Bitcoin Cash

In September, Bitcoin Cash was launched through a hard fork executed by a few major mining pools including ViaBTC and Bitmain. Since then, the support and demand for Bitcoin Cash have significantly decreased, which is evident in the hash rate and market cap of the cryptocurrency. At the time, even Bitmain, which first introduced Bitcoin Cash in July as Bitcoin …

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Japan becomes largest Bitcoin Market

After the exit of Bitcoin traders in China it is observed the surge in the trading volume of the Japanese Bitcoin exchange market. Due to this Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Earlier this week, the Chinese government, local authorities and financial regulators officially requested …

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Litecoin price sets new record high

Litecoin has hit what creator Charlie Lee has called two “milestones,” passing $60 and a $3 bln market cap for the first time. Data from Coinmarketcap showed Sunday delivering Litecoin’s best performance in its four-year history based on Chinese and South Korean trade volumes. Litecoin’s price has been rising steadily since March when it began climbing from the $4.00 range. …

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Charlie Lee left Coinbase to focus on Litecoin development

Founder of Litecoin, Charlie Lee, tweeted Friday that he will no longer be working for Coinbase. He is leaving his position as the director of engineering at Coinbase to solely focus on the development of Litecoin, following the cryptocurrency’s recent momentum as a result of the activation of Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit). During his …

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Litecoin successfully activates SegWit

Litecoin is the biggest digital currency to successfully activate segwit which went live around 6PM London time on the 10th of May 2017 with segwit transactions now available for use depending on the litecoin wallet. Segregated Witness (SegWit) has been the subject of bitcoin’s infamous scaling debate for a couple of years now, but it’s now getting an opportunity to …

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Bitcoin exchange Coinbase enables Litecoin trading

Coinbase has announced it is adding support for Litecoin to allow customers easily buy, sell, send, and store the currency on its website or mobile apps. The news which has been long in the waiting comes as Litecoin is on the verge of activating the Segregated Witness (SegWit) upgrade.That adoption has signaled the possibility for additional tech upgrades (not to …

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