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Author: Admin | 2025-04-27
The idea of BitDNS.Namecoin uses a proof-of-work algorithm, and the transaction is handled by a peer-to-peer network. Did You Know? Namecoin is known for introducing censorship-resistant top-level domain .bit. The functionality of the domain is similar to .com or .net but not under the control of the Internet Corporation for Assigned Names and Numbers. 2. Litecoin Year of introduction: 2011 Symbol: LTC, Ł Founder: Charlie Lee Programming language: C++ photo source: wikipedia.orgLitecoin was launched in October 2011 by Charlie Lee, an engineer working at Google, who later became the director at Coinbase.By the time Litecoin was conceptualized, bitcoin mining was heavily dependent on GPUs. Users were concerned that CPU resources would soon become obsolete for mining, and that would make it difficult for many to enter the crypto mining market.Experiments were being done to mitigate this challenge, and an alternative currency called Tenebrix was created. It was not well-received mainly due to a lack of fairness. Charlie Lee first created a modified version of Tenbrix and named it Fairbrix (FBX). Later, he improved the FBX and launched Litecoin. Did You Know? Litecoin uses a codebase that is a slightly modified version of the bitcoin codebase. Due to this similarity, Litecoin has historically been known as the “silver to Bitcoin’s gold.”1. Bitcoin Year of introduction: 2009 Symbol: BTC, XBT, ₿ Founder: Satoshi Nakamoto Programming language: C++ photo source: pixahive.comBitcoin is the oldest cryptocurrency ever created and thus, has become almost synonymous with crypto coin. In October 2008, a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. The paper was authored by Satoshi Nakamoto. The identity of Nakamoto was never revealed, and it is still unknown whether Nakamoto was a single person or a group.On January 3, 2009, Nakamoto mined the initial block of the
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