Litecoin to Bitcoin - Similar But Not The Same
Litecoin was built very similarly to Bitcoin cryptocurrency though with some notable differences. Its maximum supply is 84 million coins comparing to Bitcoin’s 21 million, but the block processing time is 2.5 minutes (four times faster than BTC) making its transactions easier to process and confirm. Litecoin uses a different to Bitcoin hash algorithm that allows mining the blocks quicker and more energy efficiently, i.e., even a PC with a decent graphics card might do.
LTC Coin Technical Stuff
Its ticker symbol is LTC; it’s a peer-to-peer project with an open-source code. Litecoin has got its equivalent to Satoshi which is called Litoshi, while one million’s of a Litecoin is called a lite and one thousand’s a Photon. LTC was incepted in 2011 making it one of the oldest active cryptocurrencies.