Litecoin(LTC), often referred to as the silver to Bitcoin's gold, is a peer-to-peer cryptocurrency that was created in 2011 by Charlie Lee, a former Google engineer. It was one of the earliest altcoins, and it was designed to improve upon Bitcoin's technology with faster transaction times, lower fees, and a more democratic mining process.

Litecoin operates on a decentralized open-source global payment network that uses "scrypt" as a proof of work. This algorithm can be decoded with the help of CPUs of consumer-grade. While Bitcoin uses the SHA-256 hashing algorithm, which requires significant processing power, Litecoin uses the memory-intensive Scrypt algorithm. This difference makes Litecoin more accessible to users who want to mine the cryptocurrency using their personal computers.

On August 2, 2023, Litecoin completed its third block reward halving at block height 2520000, with the current block reward now at 6.25 LTC.

Above are only for introduction, not intended as investment advice.