Litecoin Cryptocurrency

Usman Sheikh

Litecoin is a decentralized, open-source cryptocurrency that was created in 2011.

It was created by Charlie Lee, a former Google engineer.

Litecoin is based on the same technology as Bitcoin but with some key differences.

It uses a different algorithm for mining, known as Scrypt, which is designed to be more efficient and less energy-intensive.

Transactions on the Litecoin network are processed four times faster than Bitcoin transactions.

Litecoin has a maximum supply of 84 million coins, compared to Bitcoin's 21 million.

The symbol for Litecoin is LTC.

Litecoin is often considered a complementary currency to Bitcoin, rather than a direct competitor.

Litecoin has a strong community of developers and users.

It is listed on many cryptocurrency exchanges and can be bought and sold with fiat currency or other cryptocurrencies.

Litecoin has been used to purchase goods and services online, as well as for remittances and money transfers.