DMG Blockchain Adds Litecoin Creator Charlie Lee to its Advisory Board

DMG Blockchain Solutions (TSXV:DMGI) has announced that Charlie Lee, inventor of litecoin has joined its advisory board as it prepares to add litecoin mining as part of its mining-as-a-service operations.

As quoted in the press release:

Mr. Lee is a celebrity figure in the cryptocurrency world, having created Litecoin just two years after the first Bitcoin appeared. LTC has remained one of the top-valued cryptocurrencies. Mr. Lee’s litecoin hashing protocol uses a different algorithm from Bitcoin and was designed to reduce blockchain transaction time by almost 75 percent, which potentially makes litecoin better suited for higher volume transaction applications like retail shopping and online payments. Lee graduated from MIT with a computer science degree and developed Litecoin while working at Google as a software engineer. He left Google in 2013 to become one of the first hires at Coinbase, and in 2017, Lee stepped down from his position at Coinbase to work full time on LTC as managing director of the Litecoin Foundation.

“Next to bitcoin, our global Mining-as-a-Service (MaaS) customers are requesting litecoin mining services. Thus, as we prepare to expand our unique MaaS offering beyond bitcoin, we are fortunate to have Charlie Lee as both a shareholder and an advisor,” said Dan Reitzik, CEO of DMG Blockchain Solutions, Inc. “As for Charlie, every employee in DMG Blockchain Solutions knows him by reputation, if not personally, and we are all excited to have his industry knowledge and his personal attention on DMG’s strategy and development going forward.”

Click here to read the full press release.