LitecoinLitecoin (LTC)

Litecoin is an open-source cryptocurrency that was founded in 2011 by Charlie Lee. From a technical perspective it is very similar to Bitcoin as it uses a proof-of-work mechanism, although it boasts a faster block generation rate as well as the use of Scrypt. In 2020 it launched the Mimble Wimble testnet, which seeks to improve privacy and fungibility for its users. It is seen as a cost-effective alternative to Bitcoin in the developing world due to minimal fees and rapid transactions.

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