Litecoin Turns 15: How Charlie Lee Launched LTC in 2011
- —The LTC genesis block was mined on October 7, 2011, at 07:31:05 UTC with an unspendable 50 LTC reward
- —The block embeds an October 5, 2011 NY Times headline on Steve Jobs' death
- —The launch time was chosen by a Bitcointalk poll: 39 of 91 votes for October 13, 03:00 GMT
- —Lee disclosed 150 premined coins, but only 100 were actually spendable
Why it matters: The LTC launch is a benchmark for "fair launches" and a key reference in debates over premines and transparency in new crypto projects.
Source: The Crypto Times