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In 2011 he born the litecoin, designed as an alternative to cryptocurrency bitcoin by a former Google employee. At the moment, this virtual currency is the 5th in the world by market capitalization.
The Litecoin is designed by Charles Lee, a former Google employee in 2011 and was created with the intention of improving the bitcoin. The operation of the cryptocurrency is very similar to the bitcoin and the transaction and currency coinage takes place through an open-source system.
Litecoin is also not controlled by a central authority and over time the updates have look at improving security in trade.
Differently to the bitcoin, the Litecoin processes a block of cryptocurrency every 2,5 minutes (as much as ,.5 less than bitcoin) and produces 84 million coins, four times Bitcoin.