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What is Litecoin (LTC)?

Crypto Terms Glossary: What is Litecoin (LTC)?

Litecoin (LTC) is a cryptocurrency that was introduced in 2011 by Charlie Lee. Litecoin was created by forking Bitcoin's code and retains many characteristics of Bitcoin, while being optimized for lower cost transactions. It is considered to be the first altcoin, and was the second cryptocurrency to be widely accommodated on digital currency exchanges and accepted in the wider economy.

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