
Litebar is the silver to Bitbar’s gold, and a digital commodity reared out of Litecoin. Like Litecoin, LiteBar is an open-source, p2p technology with no intervention from any central authority. Litebar utilizes scrypt as Proof of Work (PoW) with the target at becoming a way to store wealth, similar to Bitbar. LiteBar can be stored as a precious metal, or even exchanged like a global coin. Besides, the currency was specifically created to appreciate in value over time.