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Litecoin Foundation

Litecoin Foundation

The Litecoin Foundation is a non-profit organization focused on advancing Litecoin, a decentralized digital currency created for fast, secure, and low-cost payments. Litecoin is presented as a reliable and widely used cryptocurrency for everyday transactions and cross-border transfers. The foundation's mission is to promote the adoption, awareness, and development of Litecoin and its ecosystem, relying on community support through donations and volunteers.
Singapore, SGP

Description

The Litecoin Foundation is a registered 501(c)(3) nonprofit established in 2017, dedicated to the growth and adoption of Litecoin. It supports the development of Litecoin's technology, ecosystem, and capabilities. Litecoin, launched in October 2011, is a decentralized, inflation-resistant digital currency designed for everyday use. It has processed over 300 million transactions with no network downtime, offering faster and cheaper transactions than Bitcoin, with fees under $0.01. It is promoted as the most used crypto for payments, remittances, and peer-to-peer transfers, and features opt-in confidential transactions for financial privacy. Established in both Singapore and the US, the foundation consists of full-time, part-time, and volunteer support from around the globe and relies on community generosity to further its mission.