Litecoin (LTC) is one of the earliest and most enduring cryptocurrencies, created as a “lighter” alternative to Bitcoin. Designed for fast, low-cost transactions, Litecoin is often used for everyday payments and is widely supported across exchanges and wallets.

WHAT IS LITECOIN (LTC)?
Launched in 2011 by Charlie Lee, a former Google engineer, Litecoin is a decentralized, open-source cryptocurrency built on a modified version of Bitcoin’s code. It offers quicker block generation times and lower transaction fees, making it ideal for small and frequent transactions.

KEY FEATURES

• Faster Transactions: Litecoin has a block time of 2.5 minutes (compared to Bitcoin’s 10), allowing for quicker confirmations.

• Low Fees: Designed for affordability, Litecoin enables fast, low-cost payments ideal for daily use.

• Security: Uses a proof-of-work consensus mechanism with the Scrypt hashing algorithm for added mining efficiency and network security.

• Widespread Adoption: Supported by most wallets and exchanges, making LTC one of the most accessible and liquid cryptocurrencies.