Litecoin (LTC) is a cryptocurrency created as a lighter and faster alternative to Bitcoin. It uses a similar basic idea: decentralized digital money recorded on a blockchain.
How Litecoin differs from Bitcoin
Litecoin has faster block times and a different mining algorithm. It also has a larger maximum supply than Bitcoin. These choices were meant to make it useful for smaller and quicker payments.
What LTC is used for
LTC can be used for payments, transfers, trading, and long-term holding by users who believe in the network.
Litecoin is older than many altcoins, but age alone does not remove market risk. Users should still understand wallets, fees, and volatility.