What is Litecoin (LTC)?
1 What is Litecoin? Litecoin is a global, decentralised, peer-to-peer payment network built on Bitcoin’s source code, with a native currency (Litecoin, ticker LTC). It was launched in October 2011 by its creator and developer, Charlie Lee, who sought to improve the first cryptocurrency by using a different mining algorithm and shortening confirmation times. The code of this “digital silver” project was released under the permissive MIT/X11 licence, allowing modification, copying and redistribution of altered versions.