$LTC

$LTC (Litecoin) is a decentralized cryptocurrency created by Charlie Lee in 2011 as a faster and more scalable alternative to Bitcoin. It operates on a proof-of-work (PoW) consensus mechanism and has a capped supply of 84 million LTC.

Key Features of Litecoin ($LTC):

Faster Transactions: Litecoin processes blocks every 2.5 minutes, making transactions quicker than Bitcoin's 10-minute block time.

Lower Fees: Compared to Bitcoin, Litecoin offers cheaper transaction costs, making it more efficient for everyday payments.

Security & Decentralization: Uses the Scrypt hashing algorithm, making it more accessible for miners while maintaining strong network security.

Widespread Adoption: Accepted by various merchants, exchanges, and payment platforms worldwide.

MimbleWimble Upgrade: Introduced privacy-enhancing features to improve transaction confidentiality.

Litecoin remains one of the most established and actively traded cryptocurrencies, often referred to as the "silver to Bitcoin's gold."