What is Litecoin?

Litecoin (LTC) was created by an ex-engineer at Google, Charles Lee. The intention was for Litecoin to be the improved version of Bitcoin for traders.
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What is Litecoin?

A “lite” version of Bitcoin that is faster and cheaper by design.

The main difference between Litecoin and Bitcoin is that a new Litecoin block is created much faster than Bitcoin. However, the block size of Litecoin is bigger than Bitcoin, which might cause orphaned blocks to occur easier.
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codebase as Bitcoin

Litecoin has a lot of the same “battle-tested” features as Bitcoin but has a few improvements as well, like faster processing times and cheaper transactions.

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maximum supply

Unlike fiat currencies and similar to Bitcoin, Litecoin has a fixed maximum supply. Once the number of tokens reaches 84,000,000, no more Litecoin will be created.

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is extremely high

Like Bitcoin, Litecoin experiences high volatility, which makes it a high-risk, high-reward asset.

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medium potential

Litecoin offers near zero-cost transactions and quick confirmation times, making it a suitable candidate as a payment medium.