The founder Charlie Lee launched a new hashing algorithm in the name of Litecoin, which offers faster transactions than Bitcoin. Moreover, it is more scalable and suitable for P2P crypto transactions.
Now merchants no longer have to wait an hour for Bitcoin-based transactions and can choose Litecoin as an alternative. However, it is not a time-tested solution like Bitcoin, so a user should use Litecoin for small transactions.
It is an open-source project that runs on a Proof-of-Work…
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