History of Litecoin: The Silver Among Cryptocurrencies

Litecoin, created in 2011 by Charlie Lee, became one of the first altcoins after Bitcoin. It was developed to improve some of the limitations of the main cryptocurrency, such as transaction speed and cost of fees. Litecoin uses the Scrypt algorithm instead of SHA-256, which allows for faster transaction confirmations and reduces energy consumption in mining. While many see it as "silver" in the world of cryptocurrencies, alongside "golden" Bitcoin, Litecoin has proven its stability and demand over the years, leaving a significant mark in the ecosystem.