"The Silver to Bitcoin's Gold" - Charlie Lee, Creator of Litecoin
Launched in 2011, Litecoin is one of the earliest altcoin and spinoff of Bitcoin (BTC).
On its website, LTC is described as "A peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.". This is very similar to BTC's vision because unlike the majority of altcoins, LTC was created with the intention of being a complement to BTC. Hence the label of being "Bitcoin's Silver".
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LTC Interesting Facts!
1. LTC has played a key role in the development of cryptocurrencies and BTC over the years. It is commonly used as a testing ground for potential BTC scaling solutions - such as Segwit and the Lightning Network.
2. LTC is known to already process transactions almost 4 times as quickly as BTC!
3. LTC is currently ranked at #7, in trade volume amongst all cryptocurrencies and
had consistently maintained a top 5 position throughout most of 2017 and H1 2018.
4. There is a total supply of 84,000,000 LTC with only 58,572,977 LTC in circulation.
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