Back to Glossary
General TradingL
Litecoin (LTC)
A peer-to-peer cryptocurrency created by Charlie Lee in 2011 as a lighter and faster alternative to Bitcoin. It features shorter block times and a different hashing algorithm (Scrypt).
Example
“Litecoin's 2.5-minute block time allows it to confirm transactions four times faster than Bitcoin, making it a popular choice for everyday crypto payments.”