Decentralized Crypto Networks ‘Must be Susceptible to 51% Attacks’: Litecoin Creator Charlie Lee

Ethereum Classic (ETC), the smaller spinoff of Ethereum, is still reeling from the 51% attack that was carried out on its blockchain, resulting in the theft of more than $1 million in ETC tokens and an almost 10% erosion of the cryptocurrency’s v…

‘We Got Too Excited’: Charlie Lee, Litecoin Foundation Apologize After LitePay Vanishes

Litecoin creator Charlie Lee and the Litecoin Foundation have each apologized for failing to conduct due diligence on LTC-based payment processing startup LitePay, which has sparked allegations of conducting an exit scam due to its abrupt closure. As C…

How Bitcoin & Litecoin Could Fail

One the most influential inventors of a cryptocurrency doesn’t believe that his invention, or Bitcoin for that matter, are necessarily here to stay. Litecoin was designed by Charlie Lee to be the so-called “silver” to Bitcoin’s “gold” in the popular analogy that compares the digital currency to the precious metal. On Wikipedia, it states that […]

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