Litecoin (LTC) is a decentralized cryptocurrency that was created in 2011 by Charlie Lee as a faster and more efficient alternative to Bitcoin. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for intermediaries. With a block time of 2.5 minutes—four times faster than Bitcoin—Litecoin is well-suited for everyday transactions. It uses a Proof-of-Work consensus mechanism with the Scrypt algorithm, making it more accessible to miners with consumer-grade hardware. Over the years, LTC has maintained a strong reputation for reliability, security, and low transaction fees. Its fixed supply of 84 million coins ensures scarcity, making it an attractive option for investors and users alike. Whether for payments or long-term holding, Litecoin remains a trusted name in the world of digital currencies.
