Litecoin (LTC) is one of the original cryptocurrencies and has a long-established reputation. Here is a summary:What is Litecoin?Established: Crafted in 2011 (Charlie's creation) by Charlie Lee (previously a Google engineer).Purpose: Created as a "lighter" and quicker alternative to Bitcoin.Symbol: LTCTotal Supply: 84 million coins (compared to 21 million from Bitcoin)Consensus Mechanism: Proof-of-Work (PoW) (like Bitcoin), but uses an alternate algorithm labeled Scrypt.Major Characteristics:Faster Transactions: ~2.5 minute block time versus Bitcoin's ~10 minute block timeLower Fees: Generally cheaper to send LTC compared to BTC.More Supply: 4x the number of coins of Bitcoin.Widely Accepted: Used on many exchanges/wallets.Uses:Peer-to-peer payments: Fast and inexpensive crypto transactions.Store of value: Similar to Bitcoin, some accept it as "digital silver."Testing ground: Sometimes, it is used as a method to find out the potential features before being brought fully to Bitcoin.Recent Updates:Litecoin released MimbleWimble extension blocks (MWEB) to allow users better privacy for transactions — a large step towards optional privacy.Would you like to learn about how to buy it, store it, or its current market situation?$LTC