‘Litecoin Is Silver To Bitcoin’s Gold’ — Here’s What That Actually Means Rob Wile, Published 4:46 pm, Monday, 11/25/13

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http://www.newstimes.com/technology/businessinsider/article/Litecoin-Is-Silver-To-Bitcoin-s-Gold-Here-s-5010986.php
At $800, the price of Bitcoin is now so great that it threatens to shut out some mainstream users.

You may be wondering whether there were ever any mainstream users in the first place. But Charlie Lee, a former Googler and MIT grad, recognized such an audience did exist. In 2011, two years after the birth of Bitcoin, the former Googler and MIT grad decided to create a version of Bitcoin that would make it more accessible.

He called it Litecoin.

Litecoin founder Charles Lee

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Litecoin founder Charles Lee on the origins and potential of the world’s second largest cryptocurrency
Danny Bradbury (@dannybradbury) | Published on July 23, 2013 at 13:05 GMT | Altcoins, Litecoin, News, Technology
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Charles Lee isn’t nearly as invisible as Satoshi Nakamoto, but he’s doing his best. The creator of Litecoin, the second most successful cryptocurrency after Bitcoin, was happy to speak with CoinDesk, but he didn’t want to reveal too much about himself. What we know for sure about the California-based software engineer is that he graduated from a leading technology-focused university in 1999, and is currently working for an Internet software company. CoinDesk knows who that is – and the odd reference can be found online by those who know where to look – but Lee really doesn’t like to talk about it.
http://www.coindesk.com/litecoin-founder-charles-lee-on-the-origins-and-potential-of-the-worlds-second-largest-cryptocurrency/

Litecoin and Litecoin Mining Made Easy

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What is Litecoin?
Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency is widely used.

Easy LTC

This is a link to a demo program made to show you how to mine Litecoins with only an account on a litecoin pool and knowing what your GPU is (5970, 6990, 5850, 6870 . . . ). Just start up the program, enter your pool details and what card you have to get started. Litecoin mining made easy.

Graphics adapter