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842 bytes added ,  19:25, December 31, 2015
Created page, but info is in short supply, and so is my knowledge of this. Please add more if you know something
'''LiteCoin''' is probably the next-best known [[cryptocurrency]], after [[Bitcoin]]. It also fittingly boasts the second largest market in crypto-currency. This alt-coin was developed by Charles Lee.

==Advantages==
LiteCoin is introduced and verified much more quickly that [[Bitcoin]]. Verification for a [[Bitcoin]] transaction can take from ten minutes to several hours. On average, a LiteCoin transaction takes about two and a half minutes.<ref>http://payament.com/bitcoin-similar-websites</ref><br />

==Disadvantages==
LiteCoin is less well known than [[Bitcoin]], so it may be accepted in fewer locations. Also for the same reason, there are fewer transfer nodes. This is believed by some to make the system less secure than [[Bitcoin]].<ref>http://payament.com/bitcoin-similar-websites</ref><br />

==References==
{{reflist|2}}
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