Litecoin (LTC) is one of the first cryptocurrencies created with open source and thought to be p2p (peer to peer) as it uses blockchain technology for all its transactions.
Litecoin is a fork of Bitcoin and was created by Charlie Lee in 2011. The main characteristic that it presents is that, its transactions are of low cost and its confirmations are fast.
Every 2.5 minutes, 50 LTC are produced in the mining process and 57 million LTC are currently circulating, with the maximum mining number of 84 million.
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