In the world of cryptocurrency, numerous projects are competing with one another. Some are worth paying more attention to than others. It is not all that easy to build a proven track record, yet Litecoin has seemingly done so without too many problems. As such, now is a good time to recap what makes this altcoin so special.
Roughly seven years ago, the cryptocurrency landscape looked very different compared to today. The number of altcoins could be counted on two hands, and new projects came to market every few weeks or months. Litecoin is one of the longest-standing altcoins in cryptocurrency. For most crypto enthusiasts, it is referred to as the “silver to Bitcoin’s gold”. It has a different mining algorithm and supply cap – 84 million LTC vs 21 million BTC – yet offers the same functionality as Bitcoin in every other sense.