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Litecoin Forum / What is Litecoin (LTC)?
« on: March 09, 2021, 03:48:05 PM »
Litecoin is the world’s first altcoin in crypto market. It was launched back in 2011. It serves as a faster, lighter and cheaper supplementary coin of BTC introduced by ex-employee of Google Mr. Charlie Lee. Transactions in Litecoin runs four times faster than those of BTC. Basically LTC uses proof of work (POW) algorithm so that it allows faster transaction confirmation every time.