Litecoin is a peer-to-peer cryptocurrency that was created as a “lighter” version of Bitcoin. It uses a Proof-of-Work consensus mechanism but with faster block generation times and a different hashing algorithm (Scrypt). Litecoin is often used for smaller transactions due to its lower fees and faster confirmation times.
Litecoin is a peer-to-peer cryptocurrency that was created as a “lighter” version of Bitcoin. Litecoin is often used for smaller transactions due to its lower fees and faster confirmation times.