Litecoin (Symbol: LTC) is an open source peer-to-peer cryptocurrency similar to Bitcoin. Litecoin is known as a fully decentralized global payment network without the control of any bank or government. Litecoin's transaction speed is instant and the cost is almost zero. If Bitcoin is dubbed "Gold" then Litecoin is "Silver".
Father of Litecoin:
While the creator of Bitcoin is anonymous under the name Satoshi Nakamoto, the founder of the digital currency Litecoin is very public and transparent. Charlie Lee is the "father" of Litecoin
Lee is a former Google employee who has a vision and wants to create a "more optimal version of Bitcoin". Lee is also very active on social media channels and blogs.
Litecoin's source code was officially released on GitHub on October 7, 2011. The Litecoin network also started shortly after October 13, 2011.