Litecoin founder sells out

“We try our best to not tweet fake news and this time we really screwed up,” Charlie Lee , creator of Litecoin and managing director of the foundation, said on the “Bloomberg Technology” television program.

1 For some dedicated fans, however, litecoin remains a staple of the digital currency world, and its creator, Charlie Lee ,2 earns reverence that is commonly reserved for Vitalik Buterin or even Satoshi Nakamoto.

Transaction speed – Because Ethereum is faster to mine, transaction speed is much faster than Litecoin. Because Litecoin transactions get put into newly mined blocks, its transaction speed is slower. This means Ethereum is better for small transactions .

Cryptocurrency entrepreneur Bobby Lee says he’s holding onto his bitcoin position, while taking advantage of the dip. Lee Co-founded China’s first bitcoin exchange and now heads crypto wallet start-up, Ballet.