Nexalt is a fork of Litecoin.

Nexalt proposes a cryptocurrency coin based on MLC. MLC is an acronym for Multi-Level-Coin and is an idea that integrates the concept of Multi-Level-Marketing in a decentralized manner It is obvious that Nexalt is implementing MLC concepts to unify best features of MLM and crypto. This combination is acquired by applying Proof-of-Network in Nexalt. Nexalt uses MLC in Litecoin as a tool to make the crypto asset more valuable and marketable for the crypto community.

Proof of network (PoN) refers to the existence of a network. In this decentralized network of cryptocurrency, no one can join without a referral link that confirms a new user's identity. Although every user is identified, it does not authorize any user or central authority in the network. This proof of network enables the user to receive marketing, staking, or mining rewards through multiple levels of the network.