LITECOIN
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Litecoin (LTC) is a product of the Litecoin blockchain, and was created in 2011 by former Google engineer Charles Lee. The open-source, peer-to-peer currency is suitable for "instant, near-zero cost payments to anyone in the world," according to the Litecoin website. It boasts faster confirmation times for transactions, as well as a wallet secured by encryption. The Litecoin website says that its blockchain can handle more volume than Bitcoin. Litecoin miners receive rewards — 12.5 new coins for every block, the website says.