Coming into existence, following the creation of Bitcoin, Litecoin (LTC) established itself as a significant player in the world of digital currency. Known as ‘silver to Bitcoin’s gold,’ LTC was created by Charlie Lee and operates on the blockchain technology. It provides rapid transaction confirmation times and a different hashing algorithm. It’s a favorite among online businesses due to its fast transaction times. Furthermore, Litecoin can handle a higher volume of transactions, making it, along with Bitcoin, one of the top choices for cryptocurrency investors.