Litecoin, a “fork” or clone of Bitcoin, is usually affectionately known as “digital silver.” Each blockchains reward “miners” who course of transactions and safe the community, with a reward – a mixture of variable transaction charges and a predetermined “subsidy” that will get halved roughly each 4 years. (With Litecoin, they occur each 840,000 transaction blocks, and the common time to generate every block is about 2.5 minutes.)
