Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee. The Litecoin network went live on October 13, 2011.
The Reason behind its creation was to improve upon bitcoin. In May 2017, Litecoin became the first of the top-5 cryptocurrencies to adopt Segregated Witness
Encryption:
The Wallet encryption in Litecoin allows users to secure the wallet, so that user can view transactions and account balance, but are required to enter the password before spending litecoins.
Higher volume of transaction:
Litecoin handles a higher volume of transactions because of its faster block generation property.
Secure from trojans:
This feature provides protection of wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Fastest Block time:
The faster block time of litecoin reduces the risk of double spending attacks.
