About Litecoin

Often called the “digital silver” to Bitcoin’s “digital gold,” Litecoin offers quicker transaction confirmations and improved storage efficiency, making it popular for everyday digital payments.

Litecoin was launched in 2011 as a lightweight alternative to Bitcoin. It runs on a Proof-of-Work consensus mechanism and uses the Scrypt hashing algorithm, which makes mining more accessible.

The native cryptocurrency, LTC, powers the network and is used to transfer value and pay transaction fees. Explore insights, guides, and market analysis about Litecoin (LTC) on Blockport.