What is Litecoin Black? Litecoin Black is a peer-to-peer cryptocurrency and open source software project released by a group of crypto miners,Show more [+] fans, gamers and developers.
Creation & transfer of coins are based on an open source cryptographic protocol and is not managed by any central authority.
Litecoin Black has some technical improvements over Litecoin.
These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with other crypto-currencies. Litecoin Black also has a near zero payment cost and facilitates payments approximately four times faster than Bitcoin.
The Litecoin Black blockchain is a fork of Litecoin and was launched without an Initial Coin Offering (ICO), high pre-mine (1%), or pre-allocation of funds.