Litecoin

Litecoin (symbol: LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license initially created on October, 2011. The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC), using similar code.

Litecoin was an early attempt at a ASIC-resistant cryptocurrency by using the memory-bound scrypt algorithm. However, an ASIC was successfully created for it on May 2014.