#CreatorPad Creator of LTC Charlie Lee worked at Google for almost ten years and even participated in the development of the Chrome browser. He wrote the code for the cryptocurrency Litecoin (which is a fork of Bitcoin) in his free time and first published it on the Bitcointalk forum in October 2011.

Finally, at the end of 2017, Lee returned to full-time work on the project: he founded the Litecoin Foundation and has been its director and main donor ever since (the Litecoin Foundation exists on donations). By the way, Lee has long sold almost all of his LTC.

Creating a new block in the Litecoin network takes an average of 2.5 minutes, while in the Bitcoin blockchain it takes 10 minutes. Accordingly, transactions in LTC are processed 4 times faster, although most services require more than one confirmation (often around 10).

Below are the fees. And not just lower, but hundreds of times lower. In mid-April 2021, one transaction in the Litecoin network cost an average of $0.05, regardless of volume. At the same time, the average fee in the Bitcoin network was $14.87, which is almost 300 times higher.