Litecoin

What is Litecoin?

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It is an open source, global payment network that is fully decentralized without any central authorities. Litecoin differs from its parent Bitcoin in that it can be efficiently mined with consumer-grade hardware, providing faster confirmations (targeted at every 2.5 minutes on average) and using a memory-hard, scrypt-based mining algorithm to target the CPUs and GPUs most people already have. The Litecoin network is scheduled to produce four times as many currency units as Bitcoin, making it an attractive option for those seeking an alternative to the dominant cryptocurrency

Highlights

• Instant, near-zero cost payments to anyone in the world
• Open source, fully decentralized global payment network
• Efficient mining with consumer-grade hardware
• Faster confirmations (2.5 minutes on average)
• Memory-hard, scrypt-based mining algorithm targeting CPUs and GPUs
• Increased currency supply (4 times that of Bitcoin)