#ActiveUserImpact (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. Often referred to as the silver to Bitcoin’s gold, it offers faster transaction times and lower fees than Bitcoin. Built on a similar open-source framework, Litecoin uses the Scrypt hashing algorithm, which is more memory-intensive than Bitcoin’s SHA-256, making it more resistant to specialized mining hardware. With a capped supply of 84 million coins, Litecoin has become a popular alternative for everyday transactions. Its decentralized nature and active development community continue to contribute to its stability and longevity in the cryptocurrency market.