what is Litecoin ?

Litecoin (LTC or Ł[4]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[5] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[5][6] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[7] In technical details, litecoin is nearly identical to Bitcoin.

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