# Litecoin > The cryptocurrency for payments Litecoin is a peer-to-peer blockchain network designed for fast, low-cost digital payments with decentralized global settlement. Litecoin is an open-source proof-of-work blockchain that enables fast, low-cost peer-to-peer payments without central authorities. Users can send and receive LTC globally, run a full node to support the network, and access optional confidential transactions via MWEB (Mimblewimble Extension Blocks) for on-chain privacy. The network generates blocks at a higher frequency than many proof-of-work chains, enabling faster transaction confirmations for merchants and users. - Type: Network - Sector: Blockchain Platforms - Status: Active - Founded: 2011-10-01 - Profile: https://thegrid.id/profiles/litecoin_org ## Products - [Litecoin](https://thegrid.id/profiles/litecoin_org): Litecoin is a proof-of-work L1 blockchain providing peer-to-peer payment infrastructure without central authorities, using decentralized consensus to process transactions faster and at lower cost than Bitcoin. The network supports opt-in confidential transactions via Mimblewimble Extension Blocks (MWEB), obfuscating transaction amounts for improved fungibility. LTC is the native asset with a capped supply of 84 million, with block rewards halving approximately every four years. (L1, Live, Main Product) - [Litecoin Core](https://thegrid.id/profiles/litecoin_org): Litecoin Core is the open-source reference full-node client for the Litecoin network, providing block validation, transaction relay, and complete blockchain history storage. The software includes MWEB transaction support with the LIP006 specification enabling mobile wallet access to MWEB data, along with built-in wallet encryption. Available for Windows, macOS, and multiple Linux architectures, Litecoin Core is released under the MIT/X11 license. (Node Software, Live) ## Assets - [Litecoin (LTC)](https://thegrid.id/profiles/litecoin_org): LTC is the native token of the Litecoin network. It is used for paying transaction fees and rewarding miners who secure the network. The network uses the Scrypt proof-of-work algorithm with 2.5-minute block times, allowing transactions to reach finality four times faster than Bitcoin, with a fixed maximum supply of 84 million coins. (Native) ## Links - [Main](https://litecoin.org) - [Privacy policy](https://litecoin.com/privacy) - [Forum](https://litecointalk.io) - [Whitepaper](https://crypto-risk-metrics.com/wp-content/uploads/2025-04-22-White-paper-Litecoin-FFG-D74JZ1VRD.pdf) - [Media Kit/branding](https://cdn.prod.website-files.com/621ec1b30feeb6cd8bb9ec25/62468af0292e31d5fc3a6d58_LC18-007%20Brand%20guidelines.pdf) - [Twitter / X](https://x.com/litecoin) - [Telegram](https://t.me/Litecoin) - [Reddit](https://www.reddit.com/r/litecoin) - [GitHub](https://github.com/litecoin-project) - [Discord](https://discord.gg/litecoin) - [Bluesky](https://bsky.app/profile/litecoin.com) - [Mastodon](https://mastodon.social/@Litecoin) - [Medium](https://medium.com/litecoin-project) - [TikTok](https://www.tiktok.com/@litecoin.fdn) - [Facebook](https://www.facebook.com/LitecoinFoundation) - [YouTube](https://www.youtube.com/@LitecoinFoundation) - [GitHub](https://github.com/litecoin-foundation) - [Instagram](https://www.instagram.com/ltcfoundation) - [Twitter / X](https://x.com/litecoinproject) - [Threads](https://www.threads.com/@LTCFoundation) - [Twitter / X](https://x.com/LTCFoundation) ## Legal This data is provided under two licensing models. 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