Bitcoin's little sister: Created in 2011 by Charlie Lee, the Litecoin blockchain has similar traits with Bitcoin. Indeed, it is considered a branch of the Bitcoin network and therefore shares similarities in the source code. Its founder saw in Bitcoin certain limitations such as its turnaround time and cost of use on the network. Its cryptocurrency, litecoin (LTC), is often considered digital money, behind its big sister bitcoin considered digital gold. Litecoin can be considered one of the first alternatives to Bitcoin as a peer-to-peer medium of exchange.


Litecoin's native token is LTC. Litecoin works with the consensus Proof of Work (PoW) and a halving (decrease in miners' pay) takes place every 4 years as with Bitcoin. Litecoin is often linked to Bitcoin because its mode of operation is, as we have seen, very similar. Litecoin is capable of handling up to 56 transactions per second (compared to 7 for Bitcoin) and a block is generated every 2 and a half minutes (compared to 10 minutes for Bitcoin). Litecoin's technology is very interesting but it is less supported than Bitcoin for the cryptosphere communities. Its evolution being very slow, it is much less talked about.