If Bitcoin is “digital gold,” Litecoin is “digital silver.” It was one of the first to follow Bitcoin, and is built on a very similar model. Like Ethereum and Bitcoin Cash, Litecoin was created to address some of Bitcoin’s shortcomings and focuses mostly on transaction speed.
What makes it different?
Litecoin theoretically allows for faster transactions than Bitcoin. Litecoin generates a new block of transactions roughly every 2.5 minutes, instead of every 10 minutes (so it’s about 4 times faster!).
- Project website: https://litecoin.org/
- Twitter handle: @LitecoinProject