Litecoin founder: Charlie Lee, Engineering Director of Coinbase

Golden Finance News - The founder of Litecoin, Charles Lee, is also known as Charles Lee. He is responsible for the design and maintenance of Litecoin.

Charlie Lee is the engineering director of Coinbase and the younger brother of Charlie Lee, CEO of Bitcoin China, a large digital currency trading platform.

Personal experience

Charles Lee is an Asian American who graduated from MIT in 1999 with bachelor's and master's degrees in electrical engineering and computer science.

After Satoshi Nakamoto, he created the globally popular virtual currency Litecoin. Although Litecoin is not as developed as Bitcoin at present, its development cannot be ignored.

According to Li Qiwei, the Litecoin R&D team has a total of 6 people. They met on IRC and other technical forums. By chance, they decided to jointly develop a digital currency, which was eventually named Lite Coin.

Li Qiwei started to get in touch with Bitcoin around the beginning of 2011. He attaches great importance to "concepts" and believes that the Internet is an aggregate of information, and that concepts can dominate information.

From then on, while Li Qiwei mined Bitcoin like most miners, he also began to think about how to create a better electronic currency system.

Litecoin Development

Litecoin is not the first digital currency he developed. In 2011, some altcoins began to appear, such as IXCoin and so on.

At the time, Charlie Lee’s altcoin was called Fairbrix, an almost exact copy of Tenebrix.

The main reason for the failure of the Fairbrix launch was that the operating network crashed due to a 51% network attack just after its launch.

A month later, unwilling to accept failure, Li Qiwei launched a new electronic currency called LiteCoin, and he succeeded.

A week before Litecoin was officially released, a testing environment for Litecoin was established. Li Qiwei encouraged everyone to test the experience, which made more people praise the fairness of LTC.

Recent development direction

Charlie Lee has been planning to activate Segregated Witness for Bitcoin expansion and has been convincing miners to do so. Charlie Lee attended the Litecoin Global Roundtable to discuss Litecoin’s activation of Segregated Witness.

It is reported that Litecoin founder Charlie Lee and Coinbase CEO Brian Armstrong recently had a conversation on Twitter. Both parties are looking forward to Coinbase listing Litecoin, so that users can simply purchase Litecoin with legal currency.