#以太坊行情技术解读 Bitcoin is the king, but its story is much more than that — in the eyes of many developers, Litecoin is the perfect complement.



A Chinese engineer, Li Qiwei, made a "big innovation" in cryptocurrency with three small tweaks. In 2011, he adjusted the block generation time, total supply, and mining method based on Bitcoin's source code, giving birth to Litecoin. These changes seem simple but completely altered the game rules.

Specifically, Litecoin achieved a 2.5-minute block time (compared to Bitcoin's 10 minutes), set the total supply at 84 million coins (4 times that of Bitcoin), and adopted the Scrypt algorithm to enable ordinary computers to participate in mining, preventing large mining pools from monopolizing. Because of these differences, the phrase "Bitcoin gold, Litecoin silver" spread widely.

The most notable moment happened in 2017. While everyone was aggressively bullish at the top of the bull market, Li Qiwei took a contrary move — he liquidated all his Litecoin holdings. His reason was straightforward: he didn't want to be accused of making money through hype. This action led to him being called a "traitor," but also respected as an "idealist of the crypto world."

Time has proven the value of this choice. Litecoin has gone through multiple bull and bear cycles, maintaining a market cap within the top ten. More importantly, it became a testing ground for Bitcoin — key innovations like the Lightning Network and SegWit were first tested on LTC before being implemented on the Bitcoin network. This role has helped Litecoin find its niche in the ecosystem.

Looking at a longer timeline, Litecoin's path is not about rapid wealth but stable iteration. Over the past 12 years, it has consistently maintained fast and stable payment features, standing out among mainstream cryptocurrencies. Not claiming to be number one, but establishing an unshakable position in the payment field.

The significance of this story is — great innovation doesn't necessarily have to overturn everything. Sometimes, fine-tuning existing systems and finding a unique value proposition can lead to greater success. Satoshi created digital gold, while Li Qiwei crafted digital silver; together, they complement each other and complete the entire cryptocurrency value system.
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BlockchainNewbievip
· 3h ago
Li Qiwei, this guy is really tough. When he cleared out all LTC in 2017, what kind of mental preparation did that take... Bitcoin Gold, Litecoin Silver—sounds good, but if it were me, I’d probably have been tempted to give up the chance to get rich quick. The Lightning Network testing on LTC first—I really respect that. Litecoin is that big brother willing to be the guinea pig, so steady and a bit boring, but it’s definitely still around today.
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CoinBasedThinkingvip
· 12h ago
Li Qiwei's move to clear LTC back then was indeed brave in hindsight. But to be fair, if I were him, I might not have been able to do it either... Back in those days, there were too many people shouting to buy in and chop the leeks, and the stark contrast actually made him memorable—perhaps an unintended form of marketing? However, Litecoin's positioning is indeed stable, and its utility for payments is much stronger than BTC. Wait, if he cleared out in 2017... does he regret it now?
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NFTRegretfulvip
· 12-11 16:10
Li Qiwei's manual operation is indeed amazing. While others are bragging, he just cuts losses and walks away... Who among us could do such a thing with this kind of mindset?
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LiquidityWizardvip
· 12-11 16:10
Li Qiwei, this guy is really anti-human. He completely liquidated his holdings at the peak in 2017. If it were me, I would have been done for a long time.
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MetaverseLandlordvip
· 12-11 16:10
Li Qiwei, this guy is really incredible. In 2017, he completely cleared all LTC holdings. How much courage did that take... The public opinion pressure at that time must have been intense.
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TokenDustCollectorvip
· 12-11 16:06
Li Qiwei's move to completely clear LTC was truly incredible; this is the attitude one should have.
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HypotheticalLiquidatorvip
· 12-11 16:05
Li Qiwei fully cleared out in 2017, which shows he understands risk control. Compared to those who constantly call for trades nowadays, the health factors have long been off the charts. Using LTC as a testing ground seems stable, but don't forget—among the top ten cryptocurrencies by market cap, when the deleveraging cycle hits, cascading liquidations make it impossible to tell who is silver and who is lead. "Not vying for first place" sounds idealistic, but in reality, it's simply because the ecological niche can't be established in the first place.
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LeverageAddictvip
· 12-11 16:03
Li Qiwei's move to clear out his chips was truly brilliant. Everyone online called him an idiot back then, but now they've all shut up, haha.
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