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Litecoin is a cryptocurrency first mined on December 7, 2011. According to International Business Times, Litecoin is "designed intended to be more efficiently mined and faster to conduct transactions in" than Bitcoin.[1] In January 2014, Litecoin was the most valuable cryptocurrency next to Bitcoin, trading around $25. Litecoin has been called "the silver to bitcoin’s gold".[1]

Additional Resources


  1. 1.0 1.1 Bitcoin Competitors: What You Should Know About 6 Alternative Cryptocurrencies by Ryan W. Neal (January 14, 2014), International Business Times