Why Litecoin Is Rising?!

Too Long; Didn't Read

People ask why <a href="https://hackernoon.com/tagged/litecoin" target="_blank">Litecoin</a> is rising it was about 60$ a few weeks ago! that’s a good question. First of all you should know that Litecoin is the first altcoin which was created on October 7, 2011 by Charlie Lee, a former google employee. Its very similar to <a href="https://hackernoon.com/tagged/bitcoin" target="_blank">Bitcoin</a> and actually its a fork of Bitcoin but faster due to its 2.5 minutes of processing each block when it takes 10 minutes for Bitcoin. it has a proof of work algorithm meaning that you can mine it but mining devices for Litecoin are different comparing to bitcoin!<br>In 2017,the first <a href="https://en.wikipedia.org/wiki/Lightning_Network" target="_blank">Lightning Network</a> transaction was completed through Litecoin, transferring 0.00000001 LTC from Zürich to San Francisco in under one second which is a big thing.