Litecoin (LTC) launched on 7th October, 2011 and is based on bitcoin
. It runs on the blockchain, a shared public ledger, and is open source. It runs on the Proof of Work (PoW) consensus. It differs from bitcoin as it uses the Scrypt
algorithm rather than SHA-256. This fundamental difference allows miners to user more traditional GPU's, making mining accessible to more people. You can keep up with Litecoin on social sites like Twitter, Github, Facebook, Reddit, Telegram and more.