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LITECOIN

A peer-to-peer cryptocurrency based on the Scrypt proof-of-work network. Sometimes referred to as the silver of bitcoin’s gold. Litecoin was an early bitcoin spinoff or altcoin, founded by Charlie Lee in October 2011. Litecoin was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes) and the increased maximum number of coins alongside different hashing algorithm (Scrypt, instead of SHA-256).

Industry

Litecoin Foundation Partners with Cred to Let Crypto Holders Earn Interest

Litecoin Foundation has announced a partnership with Cred to begin offering interest on Litecoin held as collateral. Cred customers can freeze their coins with Cred and earn up to 10% annual interest on their digital assets.

Nicholas Otieno

Feb 11, 2020

| 2 Min Read

#LITECOIN #ETHEREUM #BITCOIN #CRYPTO #INTEREST

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