
Litecoin’s Walmart Fiasco Induces Market Volatility, LTC Creator Charlie Lee Clarifies
Litecoin creator Charlie Lee clarifies that the Litecoin Foundation has nothing to do with the fake news of Walmart integration spread on Monday.
Litecoin creator.
Charles Lee is a computer scientist, best known as the creator of Litecoin.
Lee was born in Ivory Coast, moved to the United States at the age of 13, and graduated from high school in 1995. He graduated from the Massachusetts Institute of Technology with bachelor’s and master’s degrees in computer science in 2000. Lee’s brother, Bobby Lee, is the founder of cryptocurrency exchange BTC China.
For a decade in the 2000s, Lee worked for Google. His work for the company included writing code for Chrome OS. In 2011, Lee became interested in Bitcoin. In October 2011, he released Litecoin on Bitcointalk. He had written the blockchain technology based on the Bitcoin in his spare time while employed at Google. He released Litecoin to the public after mining only 150 coins. Lee has stated that he did not intend to compete with Bitcoin but meant Litecoin to be used for smaller transactions.
In July 2013, Lee left Google and began working at Coinbase, before the cryptocurrency exchange adopted the coin he had created.
In December 2017, Lee announced on Reddit that he sold almost all of his Litecoin holdings due to a perceived conflict of interest. He had been criticized for his tweets, which had a possible effect on the price of the coin. Lee sold or donated all of his coins except for a few minted in physical form which he kept as collectibles.
Lee is currently working full-time with the Litecoin Foundation on Litecoin adoption.
Litecoin Foundation
Massachusetts Institute of Technology, BS and MS in computer science - 1995-2000
Litecoin Foundation - Founder
Coinbase - Director of Engineering - 2015-2017
Google - Software Engineer - 2007-2013
Guidewire Software - Senior Software Engineer - 2003-2007
Litecoin creator Charlie Lee clarifies that the Litecoin Foundation has nothing to do with the fake news of Walmart integration spread on Monday.
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