What is Litecoin (LTC)?

Litecoin (LTC), often referred to as the "silver to Bitcoin's gold," is a peer-to-peer cryptocurrency created for faster transaction confirmations and lower fees than Bitcoin. Created by Charlie Lee, a former Google engineer, Litecoin launched in 2011 as a fork of the Bitcoin Core client. It shares similarities with Bitcoin but incorporates key technical differences that aim to improve transaction speed and efficiency. This article explores Litecoin's origins, technology, use cases, and its position in the cryptocurrency market.

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