Completing payment transactions in a seamless, secure and transparent manner was the first-ever use case of cryptocurrencies. Although Bitcoin was the first cryptocurrency officially launched using blockchain technology, it also had its fair share of pitfalls. Litecoin (LTC), on the other hand, was designed to mitigate the shortcomings faced when completing payment transactions with Bitcoin (BTC).

This article is an in-depth overview of the Litecoin (LTC) ecosystem, its modus operandi, and a comparison between Litecoin and Bitcoin. Let’s find out more about this unique P2P cryptocurrency.