Litecoin (LTC) is a cryptocurrency engineered to facilitate swift, secure, and cost-effective transactions by harnessing the distinctive attributes of blockchain technology. For a comprehensive understanding of this initiative, explore our in-depth analysis of Litecoin. Founded upon the Bitcoin (BTC) protocol, Litecoin distinguishes itself through variations in hashing algorithm, hard cap, block transaction times, and other key aspects. With a block time of just 2.5 minutes and minimal transaction fees, Litecoin is well-suited for micro-transactions and point-of-sale payments. Launched through an open-source client on GitHub on October 7, 2011, the Litecoin Network became operational five days later, on October 13, 2011. Since its inception, Litecoin has experienced exponential growth in adoption and acceptance among merchants, consistently ranking among the top ten cryptocurrencies by market capitalization. Charlie Lee, a former Google employee, is credited with the creation of Litecoin. His vision was to develop a "lite version of Bitcoin," imbuing Litecoin with many of Bitcoin's attributes but in a more streamlined format.