Litecoin

Litecoin is a lightweight cryptocurrency for users and merchants seeking fast, affordable transactions. Its Scrypt-based proof-of-work blockchain offers quicker confirmations than Bitcoin, making it ideal for payments and microtransactions.

Key Features:

• Fast transactions with 2.5-minute block times
• Scrypt algorithm for mining accessibility
• Low transaction fees for payments
• Wide wallet support (e.g., Trust Wallet)
• Supports Lightning Network for scalability
• High market liquidity

Use Cases:

• Payments: Facilitates low-cost global transfers.
• Microtransactions: Powers small-value transactions.
• Investment: Trades on exchanges like Coinbase.
• Merchant Adoption: Used for retail payments.

Summary:
Litecoin offers a fast, cost-effective cryptocurrency for peer-to-peer payments and transactions.