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Litecoin ($LTC)

Overview:

Often called the "silver" to Bitcoin's "gold," Litecoin is one of the oldest cryptocurrencies, created in 2011 by former Google engineer Charlie Lee.

It was designed to be a faster and more efficient version of Bitcoin for everyday transactions.

Technology:

Litecoin uses a Proof-of-Work (PoW) consensus mechanism, but with the Scrypt hashing algorithm instead of Bitcoin's SHA-256.

This was intended to make it more accessible for regular users to mine.

Key Features:

Litecoin has a faster block time (2.5 minutes) and a larger total supply (84 million coins) than Bitcoin.

It is a well-established cryptocurrency that continues to be a popular choice for payments.

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