#USCryptoWeek Litecoin (LTC) emerged from the Bitcoin (BTC) protocol, yet it stands apart with several key distinctions. While sharing a similar foundation, LTC utilizes a different hashing algorithm (Scrypt instead of SHA-256 for BTC). This variation contributes to its unique operational characteristics.

One of Litecoin's most notable features is its accelerated block transaction time, clocking in at a mere 2.5 minutes – significantly faster than Bitcoin's approximately 10 minutes. This speed, combined with exceptionally low transaction fees, positions Litecoin as an ideal solution for micro-transactions and point-of-sale payments.

Furthermore, Litecoin has a higher hard cap on the total number of coins that will ever exist compared to Bitcoin. These differences were intentionally designed to enhance transaction efficiency and accessibility, aiming to complement Bitcoin rather than directly compete with it as a digital currency for everyday use.