Litecoin is a digital currency created by Charlie Lee in 2011. It was designed as a faster and more scalable alternative to Bitcoin. Litecoin is based on open-source code and utilizes the same blockchain technology as Bitcoin, but with some improvements. For example, the block creation time in the Litecoin network is 2.5 minutes compared to Bitcoin's 10 minutes, making Litecoin faster and more suitable for everyday transactions. One of Litecoin's key advantages is its low transaction fees, making it attractive to many users and merchants. Additionally, Litecoin can be mined on regular computers without the need for special equipment, making it accessible to a wide range of people.Despite not having as high of a price as Bitcoin, Litecoin remains one of the most popular and widely used cryptocurrencies. It is actively supported by developers worldwide and continues to attract attention from investors and users due to its reliability and potential for widespread use in everyday transactions.