Litecoin ($LTC )

Litecoin ($LTC ) is a peer-to-peer cryptocurrency created in 2011 by Charlie Lee as a "lighter" alternative to $BTC . Often referred to as the "silver to Bitcoin's gold," Litecoin offers faster transaction times (2.5-minute block intervals) and lower fees due to its **Scrypt-based mining algorithm**, which is less resource-intensive than Bitcoin’s SHA-256.

Key Features:

- Faster Transactions:4x quicker block generation than Bitcoin.

- Higher Coin Supply:Capped at 84 million LTC (vs. Bitcoin’s 21 million).

- Decentralized & Secure:Uses proof-of-work (PoW) consensus with active developer support.

- Wide Acceptance:Used for payments, trading, and as a testbed for Bitcoin upgrades (e.g., SegWit).

Litecoin remains a popular cryptocurrency for everyday transactions and long-term holding, emphasizing speed, low cost, and scalability.