$LTC
WHAT IS LITECOIN?
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities.
Litecoin is a peer-to-peer cryptocurrency and open-source software project launched in October 2011 by former Google engineer Charlie Lee. It was created as a "lite version of Bitcoin" with a few key differences:
Faster Transactions: Litecoin's targeted block time is 2.5 minutes, compared to Bitcoin's 10 minutes, allowing for quicker transaction confirmations.
Different Algorithm: It uses the Scrypt proof-of-work algorithm, which was initially designed to be more accessible for CPU/GPU mining compared to Bitcoin's SHA-256.
Higher Supply: The maximum total supply of Litecoin is capped at 84 million coins, four times that of Bitcoin's limit.
Low Cost: It is designed to provide fast, secure, and low-cost digital payments, making it suitable for micro-transactions.
