Litecoin (LTC) is a cryptocurrency created in 2011 by Charlie Lee as an alternative to Bitcoin. It is based on the same source code, but with key differences, such as faster block times (2.5 minutes) and a maximum supply of 84 million coins. It uses the Scrypt mining algorithm, allowing greater accessibility for individual miners. Litecoin is known for its speed and low transaction fees, making it ideal for everyday payments. Over the years, it has maintained its relevance in the crypto ecosystem by adopting technologies such as SegWit and the Lightning Network to improve its efficiency and scalability.
