#TrendingTopic $LTC Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. It was created by Charlie Lee in October 2011 as a "lite" version of Bitcoin, aiming to provide faster transaction confirmation times and improved storage efficiency. Similar to Bitcoin, Litecoin operates on a decentralized network and uses blockchain technology to facilitate secure and transparent transactions. However, it differs from Bitcoin in its hashing algorithm, which uses a different proof-of-work scheme known as Scrypt. This algorithm was chosen to make Litecoin mining accessible to more people and prevent the dominance of powerful mining rigs known as ASICs. As one of the earliest altcoins, Litecoin has established itself as a popular digital currency and is widely traded on various cryptocurrency exchanges.
#Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. It was created by Charlie Lee in October 2011 as a "lite" version of Bitcoin, aiming to provide faster transaction confirmation times and improved storage efficiency. Similar to Bitcoin, Litecoin operates on a decentralized network and uses blockchain technology to facilitate secure and transparent transactions. However, it differs from Bitcoin in its hashing algorithm, which uses a different proof-of-work scheme known as Scrypt. This algorithm was chosen to make Litecoin mining accessible to more people and prevent the dominance of powerful mining rigs known as ASICs. As one of the earliest altcoins, Litecoin has established itself as a popular digital currency and is widely traded on various cryptocurrency exchanges.$LTC