_{What is Litecoin (LTC)?}

Litecoin (LTC) is a cryptocurrency designed to provide fast, secure and low-cost payments.
Taking advantage of the unique features of technologyblockchain

Cryptocurrencies are created using protocols. Bitcoin(BTC)
But it's different in terms of hardcap-based hashing algorithms, transaction time, blocks, and a few other factors.
Litecoin has a block time of only 2.5 minutes and very low transaction fees.
This makes it ideal for small transactions and point-of-sale payments.

Litecoin was launched via an open source client on GitHub on October 7, 2011.
And the Litecoin network went live five days later on October 13, 2011.
Since then, it has become widely used and accepted among traders and ranks among the top ten cryptocurrencies.
By market value from the beginning of its launch to the present

The cryptocurrency was created by Charlie Lee, a former Google employee who intended Litecoin to be a “Lite version of Bitcoin.”
It has several features, just like Bitcoin, although it is lighter.

_{Blockchain nativo:}

Litecoin runs on its own blockchain, which forks Bitcoin.
It means that the principle of operation of Litecoin is based on the modified Bitcoin code.

_{Protokola Konsensus:}

Litecoin works with the same Proof-of-Work (PoW) mechanism as Bitcoin.
However, the two are different, for example, in the use of LTC's Scrypt hashing algorithm.
In contrast to Bitcoin's SHA-256

_{Trilemma (Security, Speed, Scalability):}

Seguridad: As a PoW consensus-based cryptocurrency
The security of Litecoin will be taken care of by the miners who use their equipment as part of the system.

snelheid: One of the key features of Litecoin is the faster block creation time (about 2.5 minutes).
Compared to Bitcoin, which takes an average time of 10 minutes, it allows the confirmation of LTC transactions to be comparatively faster.

Scalabilità: Although Litecoin transacts faster, it still has scalability or flexibility challenges.
This is similar to other PoW-based cryptocurrencies. However, solutions such as Lightning Network and Segregated Witness (SegWit)
have been proposed and/or used to address these issues.

_{Founder/Date Founded:}

Litecoin was created by Charlie Lee, a former Google computer engineer, and launched on October 13, 2011.

_{Objective/Use Case:}

Litecoin is seen as “silver to Bitcoin's gold”
With which it aims to offer a highly flexible and faster use digital currency for daily transactions.
It has improved to surpass Bitcoin in terms of speed and cost.

_{Total supply/Limit or Unlimited:}

Litecoin has a maximum supply limit of $84 million, which is four times the maximum volume of Bitcoin.

_{Supply Deflation:}

Litecoin follows a deflationary pattern similar to Bitcoin
Mining awards are halved every four years in a process known as "halving.”
This ensures that the rate of new LTC entering the market will decrease over time until the maximum set amount is reached.

This summary should provide beginners with basic knowledge about Litecoin and its peculiarities.
While the realm of cryptocurrencies continues to evolve.
So it's always a good idea to stay up to date with the latest news and changes in the industry.

_Source:

https://github.com/litecoin-project/litecoin

https://litecoin.org

https://bitcointalk.org/index.php?topic=47417.0

https://litecoinblockhalf.com