What is LitecoinExtreme? Litecoin Extreme (LCE or Ł) is a peer-to-peer cryptocurrency and open source software project released under theShow more [+] MIT/X11 license. The coin was inspired by, and in technical details is nearly identical to, Bitcoin (BTC). It's a decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. LCE's are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. It has improved block times for faster transactions.