Here are some key facts about Litecoin $LTC
1. *Creation*: Litecoin was created in 2011 by Charlie Lee, a former Google engineer.
2. *Fork*: Litecoin is a fork of the Bitcoin protocol, with modifications to improve transaction processing speed.
3. *Block time*: Litecoin's block time is 2.5 minutes, compared to Bitcoin's 10 minutes.
4. *Total supply*: The total supply of Litecoin is capped at 84 million coins.
5. *Mining*: Litecoin uses the Scrypt algorithm for mining, which is designed to be more energy-efficient than Bitcoin's SHA-256 algorithm.
6. *Transaction speed*: Litecoin's faster block time allows for faster transaction processing, making it suitable for everyday transactions.
7. *Adoption*: Litecoin is accepted by many merchants and is listed on several cryptocurrency exchanges.
8. *Market capitalization*: Litecoin's market capitalization is around $10-15 billion, making it one of the top 10 cryptocurrencies by market cap.
9. *Halving*: Litecoin's block reward halves every 840,000 blocks, which occurs approximately every 4 years.
10. *Improvements*: Litecoin has implemented several improvements, including Segregated Witness (SegWit) and Lightning Network, to enhance its scalability and usability.
Overall, Litecoin aims to provide a fast, secure, and decentralized payment system, making it a popular choice for users and merchants alike.