Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project delivered under the MIT/X11 permit. Litecoin was an early bitcoin side project or altcoin, beginning in October 2011. In specialized subtleties, Litecoin is almost indistinguishable to Bitcoin.

Litecoin was delivered through an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee who later became Engineering Director at Coinbase. The Litecoin network went live on October 13, 2011.

It was a source code fork of the Bitcoin Core client, contrasting fundamentally by having a diminished square age time (2.5 minutes), expanded most extreme number of coins, diverse hashing calculation (scrypt, rather of SHA-256), and a somewhat modified GUI.

During the long stretch of November 2013, the total estimation of Litecoin experienced monstrous development which incorporated a 100% jump inside 24 hours.

In May 2017, Litecoin turned into the first of the best 5 (by market cap) digital forms of money to adopt Segregated Witness. Later in May of the exact year, the first Lightning Network transaction was finished through Litecoin, moving 0.00000001 LTC from Zürich to San Francisco in less than one second.