Is Litecoin the 'lighter' sibling of Bitcoin? Bitcoin is no doubt a more well-known cryptocurrency, but you might be surprised to learn that Litecoin was introduced more than five years ago. This article promises to explain key questions such as: How does Litecoin work? How does Litecoin creation work? Is Litecoin risky? And much more!
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Litecoin is a peer-to-peer cryptocurrency. It is an open-source software project released under the MIT/X11 licence, which means that it places only very limited restrictions on its re-use. Litecoin is, in many ways, similar to Bitcoin, as it's also considered a digital currency and a digital payment system.