Litecoin is a peer-to-peer cryptocurrency and open-source software project released in 2011, often referred to as “digital silver” in contrast to Bitcoin’s “digital gold.” It was designed to have faster block generation times and a different hashing algorithm compared to Bitcoin. LTC aims to be a more accessible and efficient cryptocurrency for everyday transactions, maintaining a strong focus on speed and lower fees.
What is Litecoin (LTC)?
Discover the key facts about Litecoin (LTC).
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Looking for more resources?
Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more
Why Institutional Adoption of Crypto Matters for Nonprofits Learn how institutional adoption of crypto is increasing trust, reducing risk, and supporting the growth of Crypto Philanthropy for nonprofits. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
