Litecoin price

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About Litecoin

Litecoin is a peer-to-peer cryptocurrency based on blockchain technology that’s aiming to serve as the foundation for a global digital payment system. It was founded in October 2011 by MIT graduate and former Google employee, Charlie Lee.

Litecoin is often referred to as the ‘silver’ to Bitcoin’s ‘gold’. This is because it is based on the Bitcoin protocol, but currently works at a cheaper and faster scale, with the Litecoin network processing blocks every 2.5 minutes.

Litecoin has a maximum coin supply of 84 million. Each Litecoin is divisible by one-millionth, with the lowest unit of measurement being 0.00000001 – known as a photon.

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