Litecoin is the first subcoin available on the market as an alternative to Bitcoin. It was revealed in 2011 by people who did not reveal their identity. It was later revealed that it was created by Charlie Lee, a Google engineer. Thanks to its rapid rise in 2013, it managed to attract attention.
Inspired by Bitcoin’s open source software. The symbol is LTC. It has succeeded to come to the fore with some features. It provides faster transaction approval time compared to other crypto currencies. For example; The processing time of 10 minutes at Bitcoin covers as little as 2.5 minutes at Litecoin.
There are some differences between Litecoin and Bitcoin. One of them is processing time. Litecoin transactions are approved much faster than Bitcoin.
Litecoin's production limit is about four times higher than Bitcoin's production limit. Designed as 84 million.