What is Litecoin?
Litecoin is digital cash for the internet. With Litecoin, you can send money over the Internet directly to another person for the first time, without needing a credit card or bank. Instead of the credit card company or bank, thousands of networked computers process Litecoin transactions and verify that they are legitimate.
You can download software called wallets on your smartphone or computer that store your Litecoin and work with the Litecoin network to let you send and receive payments. You own your Litecoin by keeping track of a private key. It's a digital signature that no one can forge or fake. Because you're the only one who owns your password, there is no reset or recovery. You have total control and total responsibility.
Instead of entering all of your personal information when you pay, usually all you need to do is scan a QR code or copy and paste a string of letters and numbers to buy something with Litecoin. Then, with a swipe or the press of button, you can send value to anyone anywhere in the world in minutes.