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Litecoin is an open source global electronic currency network much like Bitcoin but with greater flexibility and capacity. For instance there are more mining reserves than Bitcoin and it supports greater transaction volumes. The advantage of Internet currency is the perceived enhanced stability and transparency thanks to its decentralized nature. Such transactions also mean near zero costs and great convenience. The program provides a simple user interface to manage your currency, allows highly secure wallet encryption and is supported on most platforms and is available in many languages.