Yes, Litecoin is a fork of Bitcoin. It was created by Charlie Lee in 2011 as a “lite” version of Bitcoin, with some changes to the underlying code to make it faster and more efficient. Litecoin also uses a different hashing algorithm than Bitcoin (Scrypt instead of SHA-256), which makes it easier for average users to mine on their personal computers. Despite these differences, Litecoin shares many similarities with Bitcoin and is often considered a “silver” to Bitcoin’s “gold”.
Malcolm O'Mahony
