What is litcoins?

Litecoin is a peer-to-peer internet currency that allows instant, near-zero-cost payments anywhere in the world. Litecoin is an open source and global payments network that is completely decentralized with no central authorities. Mathematics secures the network and allows individuals to control their own finances. Litecoin provides faster transaction confirmation times and improved storage efficiency over the leading math-based currency. With substantial industry support, transaction volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.