Litecoin was born as a Bitcoin hard fork that resolves Bitcoin issues, such as scalability and high fees. To achieve this, Charlee Lee took the Core code of Bitcoin protocol and made his own improvements, he decreased the block finding limitations to 2.5 minutes (in Bitcoin, it takes 10), used other hashing algorithm called "S-crypt" that brings new requirements to miners. The key to success were cheaper transactions and easier mining.
Today more than 80% of the Litecoin is already mined and this result was reached at rather short times and market capitalization in those times was even more than $ 10 BLN. Mining becomes more complicated and it seems like it will be a long time until the rest of the LTC will be mined, so Litecoin is not dead. Read more
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