Bitcoin reborn as LiteBitcoin (LBTC), it is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. LiteBitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.LiteBitcoin is also the name of the open source software which enables the use of this currency. LiteBitcoin has 11 mining pools and uses the YescryptR32 algorithm.