What is Litecoin?

Litecoin is a peer-to-peer digital currency that allows instant, and almost cost-free payments to anyone from anywhere in the world. In other words, Litecoin is a decentralized platform, meaning that anyone can make transactions without any regulatory body, such as the government, or the bank interference. Technically, Litecoin is almost the same as Bitcoin but use difference hash function called “Scrypt” and faster block time.