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Litecoin is an open source, global payment network which is decentralized, not managed by any central authority and based on blockchain technology. While inspired by the Bitcoin, the Litecoin allows transactions to process faster with a quicker transaction confirmation and lower transaction fees.
Litecoin was released in October by former Google employee Charlie Lee. It is called a Crypto Icon. Depicted are a group of icons relating to cryptocurrency. Included in the design are icons representing digital currency, mining, e-commerce, security and peer-to-peer payments. Some of the icons portrayed are the cloud, piggy bank, pick axe, shopping cart and moneybag to name a few.
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