Ask a Question

What are some notable historical milestones in the development and adoption of Litecoin?

35 views
in Cryptocurrency by (16.6k points)
What are some notable historical milestones in the development and adoption of Litecoin?

Please log in or register to answer this question.

1 Answer

0 votes
by (7.8k points)

Some notable historical milestones in the development and adoption of Litecoin include:

  1. Litecoin was created by Charlie Lee and launched on October 7, 2011, as a fork of the Bitcoin Core client.
  2. In November 2013, Litecoin's market capitalization surpassed $1 billion for the first time.
  3. In May 2017, Litecoin implemented Segregated Witness (SegWit), a protocol upgrade that improved transaction malleability, scalability, and security.
  4. In December 2017, Litecoin reached its all-time high price of over $360 per coin during the cryptocurrency bull run.
  5. In April 2019, Litecoin implemented the MimbleWimble Extension Block (MWEB) proposal to enhance privacy and fungibility.
  6. Over the years, Litecoin has gained acceptance among merchants and exchanges, further increasing its adoption and utility in the cryptocurrency ecosystem.

Related questions

...