Litecoin Proof of Stake (Litecoin PoS - LTCP) represents the first integration of two of the most significant technological achievements in the world of cryptocurrency - Litecoin and the Proof of Stake mechanism. Currently, Litecoin core continues to utilize the Proof of Work mechanism, which is a slower consensus algorithm, beneficial for preventing 51% attacks, but it is characterized by high mining costs, environmental harm, and poor scalability. However, Litecoin boasts numerous unique innovations that need to be preserved, such as its 84 million-token supply model and its validated codebase developed by many of the world's most important software engineers and cryptographers.
