Litecoin (LTC) is among the oldest cryptocurrencies in life after Bitcoin, having started in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase branch of Bitcoin so it doesn't share link or any background to the Bitcoin genesis block. As a fork, it has many similar features to Bitcoin, however, has chosen for shorter block generations times of about 2.5 minutes. This allows trades to be inserted to the blockchain sooner. Because of the block production time, it hastens its base supply to compensate for the inflation rate. Litecoin has lower transaction fees than Bitcoin and may be utilised as a currency on the internet also to play crypto casinos and to pay for products and services. Litecoin's worth has increased significantly, and also the currency?s market cap now exceeds $4 billion. Section of Litecoin?s surge in popularity in 2017 has been attributed to the currency being able to adopt and examine a number of new features before Bitcoin, including Segregated Witness along with the Lightning Network, technologies that enables the system to process more transactions.