New York Coin (NYC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any centralShow more [+] authority. New York Coin was an early Litecoin spin-off or altcoin, starting in March 2014. In technical details, New York Coin is nearly identical to Litecoin with 5 times faster confirmations, no fees to send or receive and low difficulty, energy-efficient mining built into the code. The New York Coin Center was founded by Charlie Kartchner in 2018 in the SoHo district of New York City. NewYorkCoin supporters worldwide raised funds for a 6 month 'pop-up lease' of a retail storefront located at 167 Mott St.