Litecoin is a cryptocurrency created by Charlie Lee in 2011 as a so-called "fork" of the Bitcoin blockchain. Litecoin was developed to offer faster transaction confirmations and lower fees compared to Bitcoin. With a block time of only 2.5 minutes, compared to Bitcoin's 10 minutes, Litecoin enables quicker and more efficient transactions. Litecoin is often referred to as the silver to Bitcoin's gold.
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