{"description":"<div>\n<p>Litecoin is a cryptocurrency that was designed by Charlie Lee in 2011 to provide fast, secure and lowcost payments by leveraging the unique properties of blockchain technology.<\/p>\n<p>Litecoin system is implemented almost identically to the Bitcoin system and shares many features and commonalities with Bitcoin. However, Litecoin differentiates itself from Bitcoin through: (1) cheaper transaction fees, (2) a block time of just 2.5 minutes (instead of 10 minutes for Bitcoin) &ndash; resulting in the ability to handle more transactions per second, (3) an increased maximum supply, and (4) a modified proofof-work algorithm with the aim to distribute mining activity more evenly.<\/p>\n<p>Litecoin positions itself as an attractive alternative to facilitate micro-transactions and point-of-sale payments.<\/p>\n<p>Litecoin is often referred to as &ldquo;digital silver&rdquo; and in contrast to Bitcoin&rsquo;s status as &ldquo;digital gold&rdquo;.<\/p>\n<\/div>","rankedCrypto":[{"coingeckoId":"polkadot","sortingRank":5},{"coingeckoId":"chiliz","sortingRank":3},{"coingeckoId":"apecoin","sortingRank":2},{"coingeckoId":"decentraland","sortingRank":1},{"coingeckoId":"internet-computer","sortingRank":0}],"cryptoCategories":{"Decentralized Finance (DeFi)":["uniswap","compound-governance-token","aave"],"Entertainment":["decentraland","chiliz","axie-infinity","apecoin"],"Currency":["stellar","ripple","litecoin","dogecoin","bitcoin-cash","bitcoin"],"Smart Contracts":["polygon-ecosystem-token","tezos","solana","polkadot","ethereum","cosmos","cardano","avalanche-2","algorand"],"Computing":["filecoin","chainlink"]},"region":["CH","DE","AT"],"sophisId":117131519,"coingeckoId":"litecoin"}