2023.04.26
What is Litecoin?
LTC, short for Litecoin, is a peer-to-peer cryptocurrency that operates on an open-source, decentralized network. It was created by Charlie Lee, a former Google employee, in 2011 as a faster and more efficient alternative to Bitcoin. Like Bitcoin, Litecoin is based on the blockchain technology, but it uses a different algorithm called Scrypt, which makes it faster and more efficient to mine.