#Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee. The #Litecoin network went live on October 13, 2011. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI. During the month of November 2013, the aggregate value of #Litecoin experienced massive growth which included a 100% leap within 24 hours. #Litecoin reached a $1 billion market capitalization in November 2013.
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