What About Litecoin vs. Ethereum?
What Is Litecoin?
When you ask yourself, “Should I buy Litecoin or Ethereum?”, you’re asking what is more valuable to you:
Smart contracts
or
Cheaper and faster (than Bitcoin, at least) payment
Why do we say that?
Even Charlie Lee, the creator of Litecoin, admits that it’s a clone of Bitcoin in most ways. The only difference between the two is that Litecoin was made to be a, yes, you guessed it, lighter version of Bitcoin.
Should I buy Ethereum: a Litecoin on a black keyboard.
Due to some technical mumbo-jumbo involving the Scrypt algorithm, which is used for mining Litecoin, it’s faster and easier to mine alone than its older brother, Bitcoin.
What Is the Difference Between Litecoin And Ethereum?
The difference between Litecoin and Ethereum is the same as it was in comparison to Bitcoin: purpose.
The answer to the question of “Should I buy Litecoin or Ethereum?” remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.
Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.
Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.
So, what about it?
Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.
When you ask, “Should I buy Litecoin or Ethereum?”, I answer:
Which idea attracts you more, small payments using cryptocurrencies or secure apps? If it is payments, go with Litecoin. If it is decentralized apps, choose Ethereum.
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бумажник bitcoin Litecoin, launched in 2011, was among the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as 'silver to Bitcoin’s gold.' It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses 'scrypt' as a proof of work, which can be decoded with the help of CPUs of consumer-grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time. Other than developers, there are a growing number of merchants who accept Litecoin. As of January 2021, Litecoin had a market cap of $10.1 billion and a per token value of $153.88, making it the sixth-largest cryptocurrency in the world.bitcoin journal laundering bitcoin взлом bitcoin
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