Yugocean
Valued Contributor
![1610384358792.png 1610384358792.png](https://www.trendri.com/data/attachments/3/3151-657dc6f506bb20b6c12e76c2f48bbedf.jpg)
Litecoin was created on 7 October 2011 by a Google employee Charlie Lee as project fork of Bitcoin. It was written in C++, it is open source P2P crypto.
Litecoin utilize on proof-of-work (POW) algorithm which is same as Bitcoin, Litecoin was the first cryptocurrency which used scrypt hash function which is different from Bitcoin's SHA-256.
Litecoin's Symbol is Ł and Ticker is LTC. Block reward of Litecoin is 12.5 LTC every four years till August 2023 and Block time is 2.5 minutes.
Litecoin is still active ans is among the top 5 cryptocurrencies in coin market. Maximum supply of litecoin is 84 million LTC, Currently there are more than 66 million LTC circulating in the coin market.