Litecoin: A Complete Guide to What It Is and How It Works

Litecoin (LTC) is a decentralized cryptocurrency designed to facilitate peer-to-peer transactions more efficiently than Bitcoin. Created by Charlie Lee in 2011, Litecoin offers faster transaction times and lower fees, using the Scrypt hashing algorithm to enhance accessibility. Over the years, it has adopted technologies like SegWit and the Lightning Network to improve scalability and transaction speed. As one of the earliest altcoins, Litecoin remains a significant player in the crypto ecosystem, known for its robust community and innovative approach.

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}