$LTC Litecoin (LTC) is a decentralized cryptocurrency that was created in 2011 by Charlie Lee as a faster and more efficient alternative to Bitcoin. Often referred to as the “silver to Bitcoin’s gold,” Litecoin offers lower transaction fees and quicker block confirmation times, making it a preferred choice for everyday transactions. It operates on a proof-of-work (PoW) consensus mechanism but uses the Scrypt hashing algorithm, which allows for more accessible mining compared to Bitcoin’s SHA-256. With a fixed supply of 84 million coins, Litecoin maintains scarcity similar to Bitcoin, supporting its value proposition. Over the years, Litecoin has been widely adopted for payments, peer-to-peer transfers, and even as a testbed for Bitcoin innovations like Segregated Witness (SegWit) and the Lightning Network. Its reliability, speed, and security make it a strong contender in the cryptocurrency market, appealing to both investors and users looking for an efficient digital payment solution.