$LTC It is a cryptocurrency created in 2011 by Charlie Lee as a lighter and faster alternative to Bitcoin. It uses a different mining algorithm called Scrypt, which allows for faster block generation, approximately every 2.5 minutes, compared to Bitcoin's 10 minutes. This translates into faster transactions and lower fees. Litecoin is also known for its focus on security and efficiency, and has been adopted by a variety of platforms and merchants. Its total supply is limited to 84 million coins, which adds an element of scarcity.