(Litecoin) — Main:

• Full name: Litecoin

• Ticker: LTC

• Year of launch: 2011

• Creator: Charlie Lee (former engineer at Google and Coinbase)

• Algorithm: Scrypt (instead of SHA-256 used by BTC)

• Maximum supply: 84 million coins

• Block time: ~2.5 minutes

• Halving: approximately every 4 years (last one — August 2023)#CryptoAdoption #Binance $LTC

Purpose of Litecoin:

• Fast and cheap transactions

• Payments in stores and online

• Used as a “testbed” for new technologies (for example, SegWit, Lightning Network)

Pros:

• Faster than Bitcoin (4 times)

• Low fees

• Stable operation for over 10 years

• Support from most exchanges and wallets

Cons:

• Less attention and development than Ethereum or Solana

• No active DeFi or NFT ecosystem

• Price volatility