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Litecoin (LTC) is a fully decentralised peer-to-peer (or P2P) cryptocurrency that uses open-source blockchain protocol to facilitate secure payment transactions over the Internet.

Similar to Bitcoin, the virtual currency does not have a central authority; its popularity is growing among ecommerce websites and payment service providers.

Litecoin was released on Git Hub on October 7, 2011 by Charlie Lee, a former employee of Alphabet (GOOG).

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