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Litecoin Association is a registered non-profit incorporated in the State of Florida. From personal payments to political donations to ecommerce, Litecoin has the potential to empower us as investors, savers, supporters, and entrepreneurs. As Litecoin adoption grows, the Litecoin Association serves as its lead advocate, facilitating communication between members of the community, aiding educational efforts, and protecting important community resources such as the forum and wiki.

"Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers with GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units."