Litecoin is another cryptocurrency that is generated by mining. It was launched in October of 2011 by a former Google engineer Charles Lee who also works for Coinbase. The blockchain in LTC can handle much more volume of transactions compared to it's counterpart BTC. Miners are rewarded with 50 LTC per block and like BTC it gets halved every 4 years. There is currently 84 million LTC which is four times the number of BTC.