Litecoin: The Silver to Bitcoin’s Gold Litecoin is a peer-to-peer digital currency that was created by Charlie Lee in 2011. It is often referred to as the “silver to Bitcoin’s gold” because it is a faster and cheaper alternative to Bitcoin. Litecoin is based on the same open-source code as Bitcoin, with a few key differences that make it unique. One of the main differences between Litecoin and Bitcoin is the way in which they process transactions. While Bitcoin takes around 10 minutes to proc...