Litecoin users rest easy – the network is “extremely secure”, according to Charlie Lee

All things Litecoin.
User avatar
dizzleBEE16
Posts: 301
Joined: Thu Feb 22, 2018 7:58 pm

Litecoin users rest easy – the network is “extremely secure”, according to Charlie Lee

Sat Jun 02, 2018 10:44 am

Charlie Lee, the founder of Litecoin, has spoken about recent concerns that users on his cryptocurrency’s network have had about the security of the platform.

After the launch of Crypto51, a new application that theorizes what the loss would be if different cryptocurrencies were hit by a 51% attack on their networks, the crypto-community seemed to experience a wave of panic thinking that there might be a danger for their tokens.

Lee has assured users on the Litecoin platform that there is no reason for worry since the network has a relatively low threat of attack and that the cryptocurrency is secure and healthy. In true Lee fashion, the assurances were friendly, informative and full of emojis.

The founder noted that the well-distributed mining pools aid in the security, as well as increased hashrate times and boasted about the high capital costs.


https://www.coininsider.com/lee-litecoin-safety/

Return to “Litecoin (LTC)”