(Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license.
Inspired by Bitcoin,
was among the earliest altcoins, starting in October 2011.
In technical details, the
main chain shares a slightly modified Bitcoin codebase.
The practical effects of those codebase differences are lower transaction fees, faster transaction confirmations, and faster mining difficulty retargeting. [+]