The project was created as an upgrade of Bitcoin. There are not many differences, but some of them are very significant. Several technologies have been applied that have eliminated some of the disadvantages of Bitcoin: the "Proof of Work" protocol, which uses the Scrypt hash function, and not SHA-256, like BTC. The average speed of block creation is 2.5 minutes (for comparison, BTC takes four times longer).

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We are pleased to announce the winner of round 6 of our campaign: user @camalelag with user ID 41195! Congratulations and happy new year! 🎉🎊💰 https://twitter.com/litecoin_talk/status/1611764525392596992

We are pleased to announce the winner of round 6 of our campaign: user @camalelag with user ID 41195.