What is Litecoin?
Litecoin is a peer-to-peer Internet currency that enables instant, low cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralised without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. With industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
How does Litecoin work?
The Litecoin blockchain creates new blocks more frequently than the Bitcoin blockchain to support more transactions.
As a result, end users often experience faster confirmation times.