$LTC Charlie Lee created a faster alternative to Bitcoin in 2011. It is more accessible to miners using consumer hardware because it uses a proof-of-work consensus mechanism. The 2.5-minute block time is four times faster for Litecoin. It is widely accepted for payments and transactions and has a maximum supply of 84 million coins. Due to its speed, security, and lower transaction fees, LTC has remained a popular choice among enthusiasts.