What is Litecoin?

Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency that was released on October 7th, 2011 and went live on October 13th, 2011.

The silver to Bitcoin’s gold.

Bitcoin’s little brother that doesn’t get out much.

These are just a few of the things you might hear being tossed around when talking about Litecoin. At a first glance, Litecoin doesn’t garner much respect as a top 10 market cap cryptocurrency.

However, once you get into the weeds, Litecoin presents an extremely useful and interesting application of the original Bitcoin blockchain.

For all the flak Litecoin gets, it’s easy to overlook what it actually is, and what functions it serves.

The Low-Down on Litecoin

Litecoin was founded by former Google employee Charlie Lee. It was one of the first forks of the Bitcoin core client. It was proposed as a solution to some of the bottlenecks and scalability issues with …