LTC

Litecoin (LTC) is a peer-to-peer cryptocurrency that originated as a fork from Bitcoin in 2011. As one of the earliest altcoins, it offers a faster and more efficient means for sending and receiving peer-to-peer payments and is widely accepted by thousands of retailers globally.

While Litecoin shares foundational similarities with Bitcoin, it distinguishes itself through its use of the Scrypt algorithm for proof-of-work (PoW) consensus, in contrast to Bitcoin’s SHA-256. This change was initiated by Litecoin’s founder, Charlie Lee, a former Google employee, who aimed to improve on Bitcoin’s payment capabilities.

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