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Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features such as Litecoinwhile others are very different, with varying models of security, issuance and governance. However, they all share the same moniker в every coin issued after Bitcoin is considered to be an altcoin.
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