Litecoin is a small, light encryption currency that is made based on bitcoin. It is also briefly referred to as the Laco. In Chinese, it is called a lighterbie (l If bitcoin is digital gold, light coin is digital silver. Light coin is called 'silver', or 'silver bitcoin.' Light coin has LTC in monetary unit. In 2011, Charlie Lee, a Chinese-American, developed it in C++ language. Mining is done using the Script (Srypt) hash algorithm based on a proof of work
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