Who we are

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their own finances. Compared to Bitcoin, Litecoin features faster transaction confirmation times (2.5 minutes) and improved storage efficiency. With substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. Litecoin is the second most popular cryptocurrency
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About Us

Litecoin (LTC[1]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Bitcoin (BTC), Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority. After Bitcoin, Litecoin is the second-largest true cryptocurrency by market capitalization.

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what is Litecoin

More information about Litecoin features

Litecoin is a form of digital currency, created and held electronically. No one controls it. Litecoin aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
It’s the first example of a growing category of money known as cryptocurrency.

Characteristics
It's decentralized
The Litecoin network isn’t controlled by one central authority. Every machine that mines Litecoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s Litecoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.
It's easy to set up
Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a Litecoin address in seconds, no questions asked, and with no fees payable.
It's anonymous
Well, kind of. Users can hold multiple Litecoin addresses, and they aren’t linked to names, addresses, or other personally identifying information.
It's completely transparent
Litecoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. .

What are its characteristics?

Litecoin has several important features that set it apart from government-backed currencies.