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Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It differs from its parent Bitcoin in that can be efficiently mined with consumer-grade hardware. Litecoin provides faster confirmations (targeted at every 2.5 minutes on average) and uses memory-hard, scrypt-based mining to target the CPUs and GPUs most people already have. The Litecoin network is scheduled to produce four times as many currency units as Bitcoin.
One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisify these goals. It is unlikely for FPGA or ASIC mining to take over Litecoin until the currency is widely used.
[Download the client] (https://github.com/litecoin-project/litecoin/downloads) - or - Grab the source
Visit the main project website: http://www.litecoin.org/
Reasons for Litecoin: Why you should mine and trade them
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[Download the client] (https://github.com/litecoin-project/litecoin/downloads) for your operating system.
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Join the Litecoin.net Forums or logon to IRC and introduce yourself.
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Decide if you're interested in mining, development on the core project or other services, or obtaining litecoins by selling goods and services. Another option to get involved is to exchange your other money for litecoins.