Litecoin is a peer-to-peer cryptocurrency software project made available under the MIT/X11 license.
Litecoin was released via an open-source client in 2011 by Charlie Lee, a computer scientist, best known as the ex-Director of Engineering at Coinbase. He actually created Litecoin while working at Google.
Unlike Bitcoin’s 10 minutes rate, the Litecoin Network processes a block every 2.5 minutes or so. Besides being much faster than its counterpart, Litecoin is also considered a safe choice for investors worldwide.