Features of Litecoin (LTC):
🔹 Transaction Speed: Much faster than Bitcoin, as it takes about 2.5 minutes to create a new block compared to 10 minutes on the Bitcoin network.
🔹 Low Fees: Provides fast transactions with lower fees, making it a suitable option for daily transfers.
🔹 High Security: Relies on the Scrypt algorithm that provides strong security against attacks.
🔹 Globally Tradable: Supported on most exchanges and digital wallets.
🔹 Limited Supply: A total supply of only 84 million coins, enhancing its scarcity.
🔹 SegWit Technology: Supports the Segregated Witness protocol to improve network efficiency.
🔹 Lightning Network: Compatible with the Lightning Network that allows for instant transfers at minimal costs.
🔹 Active Community: One of the oldest and most popular cryptocurrencies after Bitcoin, giving it trust and wide adoption.