Litecoin

Litecoin is a peer-to-peer Cryptocurrency created by Charlie Lee in 2011 as a “lite” version of Bitcoin. It is based on an open-source protocol and offers faster transaction times and a higher maximum supply compared to Bitcoin. Litecoin utilizes a different hashing algorithm called Scrypt, which allows for more efficient mining.

Examples of Litecoin use cases include:

• Transactions: Litecoin can be used for everyday purchases, such as online shopping or paying for services.
• Investment: Many investors view Litecoin as a Digital Asset and hold it in their portfolios.
• Remittances: Litecoin can be used for sending Money across borders quickly and with lower fees compared to traditional banking methods.