Since its beginning, Litecoin has been rooted in the democratization of mining. It found its inspiration in several other altcoins that claimed to do the same thing back in 2011. Litecoin is a hard forked coin of the Bitcoin protocol, and it boasts one of the more successful and friendly cryptocurrency communities out there. Litecoin grew from the early technical passions of Google software engineer Charlie Lee, who became involved in the crypto space in 2011. His first coin, Fairbrix, was modeled after the heavily premined coin Tenebrix crafted by anonymous coder Artfortz. Tenebrix was a GPU and ASIC resistant coin featuring the Scrypt (pronounced “ess-crypt”) algorithm.
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Sticking to the Scrypt: The History of Litecoin in 500 Words
