Charlie Lee

Charlie Lee

Charlie Lee also known as coblee and creator of one of the famous and widely used crypto-currencies known as Litecoin, was born in the Western part of Africa (Ivory Coast). At the age of thirteen, Charlie and his family relocated to the United States of America. A bachelor and masters degree holder in computer science from the Massachusetts Institute of Technology, Charlie has grown to acquire lots of knowledge over the past few years. He is a software engineer, database administrator and a computer programmer with vast professional expertise of Java, Linux, Python, JavaScript, Sql, Msql, XML, and lots more. He has in the past, worked for a good number of reputable companies including Kana Communications (software engineer), Guidewire Software (Senior Software engineer), Microsoft, and Google Inc; where he worked as a software engineer with a couple of team members in designing and developing the Chrome OS, YouTube mobile, and Play Games. Charlie Lee is an ex-director of engineering at coinbase and currently the director and creator of the second most popular crypto-currency to bitcoin known as Litecoin which he created in October 2011.

A crypto enthusiast, Charlie decided it was high time to create another crypto-currency that would meet the needs and demands of the fin-tech market world after reading an article on Bitcoin in April 2011. This is undoubtedly where the real stuff begins. When Charlie Lee came across Bitcoin in 2011, it was popular in the dark web markets, like Agora Marketplace and Silk Road. During this period, bitcoin was considered an illegal currency used in purchasing illegal products in the black market of course this is nothing anyone would want to that credit for and a bitcoin then was about $30. My guess is its designer (Satoshi Nakamoto), knew this would happen he understood the possible consequences that would befall him after he unleashed his invention to the world. That literally explains why he went missing immediately after its creation and never bordered on taking credit for his wonderful work. Well, Charlie was quite intrigued at the wonders of Bitcoin that he quickly reached out to Mike Hearn, Bitcoin Core developer and bought some coins from him. Soon after that, Charlie found himself researching and mining bitcoin in addition to purchasing some computer accessories off the darknet.

Not quite long after he fell in love with bitcoin that he started making plans on how to create his own blockchain cypto-currency. He made some research and decided to incorporate bitcoin’s features and mechanism into his invention. Litecoins are far less expensive than bitcoins and also works faster than the former. It is quite identical to bitcoins in all ramifications apart from the fact that it is a centralized development crypto-currency dissimilar to bitcoins which require approximately 96% consensus in order to make new changes owing to its decentralized, open voting consensus system.

When asked the reason behind his Litecoin creation, Charlie Lee has this to say: “Silver is a bit inexpensive and lighter than gold, I had this idea running all over my head that people would likely make more use of a silver encrypted currency in their day-to-day business transactions than a gold encrypted currency which they wouldn’t want to spend on a daily bases.” He further beamed that he had noticed the tremendous increase in bitcoin transactions fees, and believes that with litecoin, transactions fees will be relatively cheap and quite affordable to everyone.

To wrap it all up, Charlie Lee recently started advocating for SegWit a block scaling technique that would enable the possibility of using litecoin to taste for changes that are made on bitcoins.

Coinsbank’s Euro Cruise: Big Names in Bitcoin Fight Over a Hard Fork
September 17th, 2018

Not all crypto events are this fun. Coinsbank did it again, replicating their Asia 2018 event with a four day cruise on the mediterranean that unsurprisingly attracted some of the biggest names in crypto.

Charlie Lee Wants Investors to Focus on Cryptourrency Technology and Adoption
August 28th, 2018

Lee opens up about the future of digital currencies stating that the price will reflect the success of the cryptocurrency in addition to other factors like market adoption, scalability, etc.

HTC’s New Blockchain-powered Smartphone will Support Litecoin, Charlie Lee Joins the Team as an Advisor
July 31st, 2018

Litecoin co-founder, Charlie Lee will become an advisor to HTC Exodus, the native blockchain smartphone supporting LTC and Lightning Network designed to be launched in autumn.

Litecoin’s Charlie Lee Clarifies his Position on Recent Acquisition of Stake in WEG Bank AG
July 18th, 2018

Litecoin founder Charlie Lee provided some details about recent acquisition of Litecoin Foundation, and stated that he expects to receive a board position at the German WEG bank, which will positively influence further adoption of cryptocurrencies in the bank’s operations.

TokenPay Passes Circa 10 Percent Stake in German Bank to Litecoin Foundation for Technical Assistance
July 11th, 2018

The blockchain company is reportedly going to acquire the remaining shares in WEG Bank after getting approval from regulatory bodies in Germany.

Charlie Lee and Litecoin Foundation Apologize After Abrupt Shutdown of LitePay
March 27th, 2018

The LTC-based payments startup was scheduled to start wallet and debit card services last month in February, however, it has failed to further respond to the proceedings.

Litecoin (LTC) Price Gains Momentum Heading Upwards
February 15th, 2018

Please, check out weekly technical analysis of Litecoin (LTC) price prepared by Dmitriy Gurkovskiy, a chief analyst at RoboForex.

Litecoin Creator Says the Upcoming Fork Named ‘Litecoin Cash’ is a Scam
February 14th, 2018

Litecoin Cash, expected to increase the “block speed” of processing transactions, is considered by Charlie Lee a scam. He warns investors and asks to handle Litecoin Cash carefully.

Litecoin’s Charlie Lee Thinks About Possible Integration with Monero
January 30th, 2018

The collaboration between the two cryptocurrencies will pave a path for cross-chain atomic swaps which is the most awaited development for the year.

Ripple Continues to Surge Ahead While All Other Cryptocurrencies Are Falling Majorly
December 28th, 2017

Ripple continues to surge ahead and lead the crypto charts even when the overall market is undergoing a significant correction.