AboutWhat is Litecoin?
Litecoin is a peer-to-peer cryptocurrency that forked from the Bitcoin codebase to offer faster block confirmations and a larger maximum supply. It uses the memory-hard Scrypt hashing algorithm instead of SHA-256, designed to be more accessible to consumer hardware mining.
HistoryOrigin & evolution
Litecoin was launched in October 2011 by former Google engineer Charlie Lee as one of the earliest Bitcoin alternatives. Often described as the "silver to Bitcoin's gold", it has historically served as a testbed for upgrades that were later adopted by Bitcoin itself, such as Segregated Witness (SegWit).