Bitcoin was launched with the express goal of eliminating the need for third-party financial institutions in electronic payments. And crypto-loving banking critics tend to reserve special disdain for central banks, which they believe have too much power to meddle in valuations of fiat money.
Litecoin hasn’t been around quite as long as Bitcoin. But it’s only a couple of years younger than Satoshi Nakamoto’s creation, and has shown staying power as one of the leading alternatives for cryptocurrency traders and investors.
If Bitcoin’s decentralised ledger is the first generation of blockchain technology in action, the second generation is exemplified by smart (automatically executed) contracts and the third generation is decentralised applications, or dApps (also frequently written as dapps, Dapps or DApps).