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Litecoin is created in 2011 by Charlie Lee, a former Google engineer, Litecoin is a peer-to-peer cryptocurrency that serves as a digital payment system. Litecoin, often referred to as the "silver to Bitcoin's gold," is a crypto coin that offers faster transaction confirmation times and a different hashing algorithm. Litecoin differentiates itself from Bitcoin by offering faster transaction confirmations and a more efficient mining algorithm known as Scrypt. These characteristics make Litecoin a popular choice for quick and cost-effective transactions. With a maximum supply of 84 million coins, four times that of Bitcoin, Litecoin aims to provide increased liquidity and accessibility while still maintaining scarcity. Litecoin has gained widespread adoption and merchant acceptance, making it a practical option for everyday purchases and a trusted cryptocurrency within the crypto community. It has also implemented various improvements over the years, such as the Segregated Witness (SegWit) upgrade, to enhance its scalability and transaction capabilities.

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