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Litecoin is often referred to as "the silver to Bitcoin's gold." But what is Litecoin, and how does it compare to its more famous counterpart? 
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"Big banks have such a stranglehold on commerce with their 3% per transaction fees. They need some competition and digital currencies are best suited to provide it."
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There is a whole new world beyond skies and Bitcoins. Like an expanding universe, the number of cryptocurrencies are also growing exponentially. For instance, there were once only a handful of virtual currencies in existence. But currently, there are over 100 twisted versions of Bitcoin in circulation, and only a few among them have been able to amplify their market presence among investors.
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Digital cryptocurrencies—including bitcoin and litecoin, along with dozens of others—have struggled to win mainstream acceptance in the U.S. Interest in this so-called “Internet money” is not going away, however, which is why regulators are developing rules that that they hope can avert a repeat of last year’s Mt. Gox meltdown, when the world’s largest bitcoin exchange unexpectedly shut down after losing hundreds of thousands of bitcoins in a cyber attack.
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When Jay Su got into cryptocurrency in October last year, he rejected the popular Bitcoin in favour of a lesser-known alternative, Litecoin.
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WikiLeaks revealed on 24th January that the majority of its public funding now comes through bitcoin and litecoin.
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