Litecoin LTC Information
Litecoin is a crypto currency originally cloned from Bitcoin but with a few important features that set it apart. Litecoin uses the “scrypt” mining algorithm, as opposed to the SHA-256 algorithm used by Bitcoin, and has faster confirmation times and lower transaction fees. With a higher circulation cap, Litecoin was intended by its creator, Charles Lee, to be a cheaper, “lightweight” cousin to the legacy coin, or as he described, “silver to Bitcoin’s gold”. Litecoin’s features have earned it a good reputation among online retailers, investors and crypto currency enthusiasts.