A CDE Definition
A digital currency and electronic payment system created in 2011 by former Google engineer Charles Lee. Like Bitcoin, Litecoin is a decentralized system based on a blockchain-based distributed ledger; however, Litecoin generates a block much faster than Bitcoin. Litecoin's fixed maximum is 84 million coins rather than Bitcoin's 21 million. See blockchain, Bitcoin and Ethereum.
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Click any of the following categories for a list of fundamental terms.