Litecoin is a peer-to-peer cryptocurrency developed by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub in the year 2011.
LTC is one of the most popular and grounded cryptocurrencies in the world, being in existence for seven years since 2011. It is more accessible to the people than Bitcoin, hence known as the “silver” of the crypto world and Bitcoin referred to as “gold” of the crypto world.