Litecoin is one of the earliest altcoins. Litecoin news covers developments of this fork of Bitcoin's core.
Charlie Lee, the creator of litecoin, claims, "The vision is always I wanted Litecoin to complement bitcoin—not compete. Bitcoin can be used for like moving millions of dollars between banks, buying houses, buying cars. It's really secure. Litecoin can be used for cheaper things."
Litecoin is based on:
A cryptographic protocol is used to transfer this peer-to-peer cryptocurrency
and is considered the lighter version of bitcoin.
Litecoin's mining speed is 2.5 minutes, and though it accelerates the transaction speeds, a major disadvantage of this coin is that it leads to the creation of orphaned blocks. To overcome this disadvantage, Segwit was introduced, and the load on the chain was significantly reduced.
Litecoin news and its latest updates are covered in this section of our website.