Why is Litecoin so cheap?

Maximal coin supply from 21 million (Bitcoin) to 84 million. Change PoW cryptographic algorithm – from sha256 to scrypt. Cut block mining time – from 10 minutes to 2.5 minutes and thus speed—up transaction time. Lower fees – Litecoins fees are cheaper than Bitcoins, but this metric depends on the network effects .

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Who made LTC?

Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles “Charlie” Lee , a former Google engineer. Litecoin was adapted from Bitcoin’s open-source code but with several modifications.

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