#SaylorBTCPurchase Litecoin (LTC) is an open-source digital currency that was launched in 2011 by a former Google engineer.
It is considered an improved version of Bitcoin, aiming to provide faster transactions and lower fees.
Key features include:
Transaction confirmation speed (a block every 2.5 minutes compared to 10 minutes for Bitcoin).
Total supply: 84 million coins.
It uses the Scrypt algorithm for mining, making it easier for individual miners.
It is used as a means of payment and for fast transfers.
