Litecoin (LTC) is a peer-to-peer cryptocurrency created by Charlie Lee in 2011 as a "lighter" version of Bitcoin. It is designed to provide fast, secure, and low-cost payments by leveraging blockchain technology. Litecoin features a faster block generation time of 2.5 minutes compared to Bitcoin's 10 minutes, resulting in quicker transaction confirmations. Additionally, it employs a different hashing algorithm, Scrypt, which allows for more efficient mining. Litecoin is widely accepted and used for various transactions, making it one of the most established and stable cryptocurrencies in the market.
