Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. It was created by Charlie Lee, a former Google employee, in 2011. Litecoin is similar to Bitcoin but has faster transaction processing times and a larger maximum supply.
Here are some key features and stats about Litecoin:
- Fast transaction processing: 2.5 minutes (compared to Bitcoin's 10 minutes)
- Larger maximum supply: 84 million LTC (compared to Bitcoin's 21 million BTC)
- Mining algorithm: Scrypt (different from Bitcoin's SHA-256)
- Current market capitalization: around $6-7 billion USD
- Current price: around $90-100 USD (subject to fluctuations)
Litecoin aims to be a more accessible and efficient alternative to Bitcoin, with a strong focus on merchant adoption and everyday use cases.
Let me know if you have any specific questions about Litecoin.