LiteCoin

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Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. The creation and transfer of coins is based on an open-source cryptographic protocol and is not managed by any central authority.[citation needed] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[2] In technical details, litecoin is nearly identical to Bitcoin.