Litecoin is the 5th largest cryptocurrency, with a market cap of over $12 billion. So, what exactly makes Litecoin so popular?
An ex-Google employee, Charlie Lee, created Litecoin in 2011. Just like Bitcoin, Litecoin is also a digital currency. It is built on the same blockchain as Bitcoin and can be used to make payments. The biggest advantage that Litecoin offers over Bitcoin is – speed. In fact, Litecoin is called “Lite” coin because it is almost four times faster than Bitcoin.