WHAT IS LITECOIN BLACK
Łitecoin Black is a peer-to-peer cryptocurrency and open source software project released by a group of crypto miners, fans, gamers and developers.
Creation & transfer of coins are based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and is technically nearly identical to Łitecoin (LTC), Łitecoin Black has some technical improvements over Łitecoin.
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. Łitecoin Black also has a near zero payment cost and facilitates payments approximately four times faster than Bitcoin.
The Łitecoin Black project was launched on May 10th 2018 @ 03:02:42 EST when the first block was mined, community mining then began for 20+ dedicated members to block 4000 worth 400,000 LTCB using CPU / GPU & Small ASICs to ensure that Łitecoin Black was ready for public release.
The Łitecoin Black blockchain is a fork of Łitecoin and was launched without an Initial Coin Offering (ICO), high pre-mine (1%), or pre-allocation of funds. With only a small initial pool of funds to draw from, and pay development expenses, Łitecoin Black is and will continue to be a favorite to its developers and dedicated community members.