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What is Litecoin (LTC)?

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Litecoin is inspired by Bitcoin (BTC) and has the same technical realization principles. Its creation and transfer are based on an open source encryption protocol and are not managed by any central authority. As an improvement to some problems of Bitcoin, the Ltc network can process a block every 2.5 minutes, and transaction confirmation is faster; at the same time, Litecoin uses the scrypt encryption algorithm in its proof of work algorithm.

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**This article is not investment advice**

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