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Free alt coins airdrops | Bitcoin is primarily designed to be an alternative to traditional currencies and hence a medium of exchange and store of value. However, this can vary widely depending on network traffic. Article Sources. It introduced a novel idea set out in a white paper by the mysterious Satoshi Nakamoto , which introduced Bitcoin as an online currency without any central authority, unlike government-issued currencies. Two key issues for most traders, speed and cost, are the main reason that Litecoin was born. Sometimes called Bitcoin-Lite, Litecoin is a source-code fork, which means it was created by copying, pasting, and editing the open-source code of Bitcoin so that it would not succumb to the same scalability limitations as its father blockchain. |