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Litecoin is a powerful and reliable cryptocurrency that’s often referred to as "the silver to Bitcoin’s gold." It was created to improve upon Bitcoin by offering faster transaction speeds and lower fees, making it an excellent option for everyday payments https://paybis.com/price/litecoin/. Built on its own network separate from Bitcoin, Litecoin utilizes blockchain technology and the Proof-of-Work consensus method to ensure secure and decentralized transactions. Miners play a key role by adding blocks to the chain, earning LTC as a reward in a process that becomes more scarce every four years due to halving.