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LTC, also known as Litecoin, is a cryptocurrency created by computer scientist Charlie Lee in 2010. It operates using a proof-of-work consensus mechanism and employs the Scrypt hash function. The cryptocurrency is widely used in various industries such as decentralized finance, smart contracts, payment systems, and remittance.
LTC is traded on several stock exchanges, including Binance, Biconomy Exchange, and Gate.io. It has a ticker symbol of LTC. The currency is notably associated with blockchain and cryptocurrency platforms such as Ethereum and Bitcoin.
LTC is also part of the emerging metaverse industry, with exchanges like Metaverse Face trading the currency. In addition, it has expanded into non-fungible tokens (NFTs) and play-to-earn gaming industries.
The product's parent company is PayBis, and its latest release was in 2018. LTC operates under license number 9321 and is located in Singapore.