What is Litecoin ❓
➡️ Litecoin is a cryptocurrency that was created in October 2011 by Charlie Lee, a former Google engineer. It's often referred to as the "silver" to Bitcoin's "gold," as it shares many similarities with Bitcoin but has some technical differences. Litecoin operates on a peer-to-peer network and uses a decentralized ledger technology called blockchain to record transactions. It aims to provide faster transaction confirmation times and a different hashing algorithm compared to Bitcoin, which allows for efficient mining by using consumer-grade hardware. Like other cryptocurrencies, Litecoin can be used for various purposes, including online purchases, investments, and transfers of value.
