# Litecoin

By [krabik](https://paragraph.com/@krabik) · 2023-06-07

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Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) technology.

To learn more about this project, check out our deep dive of [Litecoin](https://coinmarketcap.com/alexandria/article/litecoin).

The cryptocurrency was created based on the [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

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*Originally published on [krabik](https://paragraph.com/@krabik/litecoin)*