If Bitcoin is gold then Litecoin is Silver Litecoin is basically Bitcoin’s younger brother. It works in a similar manner with a few changes. Litecoin was introduced on October 7th 2011 by Charles Lee. It was basically taking Bitcoin’s software and altering it a bit so it would be easier to mind and that transaction would be made faster. For more information, visit: http://99bitcoins.com/what-is-litecoin/