Litecoin vs bitcoin

Undoubtedly, Litecoin boasts undeniable strengths and therefore, Litecoin’s value is strong and Litecoin’s future could be bright. Its speed and low transaction fees make it an appealing option for fund transfers and daily payments. Furthermore, its increasing adoption by merchants and organizations bolsters its legitimacy and market value. Bitcoin cash vs litecoin Through halving, the miner reward for successfully recording new blocks to the Litecoin blockchain is decreased (halved) at regular intervals. In Litecoin’s case, it’s every 840,000 transactions. So when Litecoin first launched, the miner reward for adding a new block to Litecoin’s blockchain was 50 LTC. Over the past few years, that reward has decreased via halving to 12.5 LTC as a block award.

Http://www.nasdaq.com/article/litecoin-has-now-deployed-segregated-witness-cm787577 Can I Send Litecoin to a Bitcoin Address? Litecoin is a decentralized digital currency and payment network. It is supported by an open-source blockchain protocol. Litecoin was launched in October 2011 as an alternative solution to Bitcoin. By implementing some technical modifications to the Bitcoin source code, Litecoin allowed for faster transaction speeds and even lower processing fees.

It's difficult to determine whether Litecoin will last. Its development team is active and it has a user base. It is still mined and traded on exchanges. However, the cryptocurrency market is fickle, so LTC could disappear tomorrow or become much more active. Litecoin vs Bitcoin: Money However, they are still susceptible to hacks and malware contamination, which is a problem with any application that is installed on a computer that is always connected to the internet. Some good software wallets that support LTC are Litecoin Core, Atomic Wallet and Electrum-LTC. The Litecoin Core developers created the Litecoin wallet known as Electrum-LTC, which can be downloaded on desktop. If you are really invested in the Litecoin community, you could also download the Litecoin Core wallet, and support the blockchain by acting as a full node client.

Bitcoin and Litecoin are two major cryptocurrencies in the ecosystem. There are plenty of similarities since Litecoin was created as a fork of Bitcoin. However, it introduced a couple of changes to enhance the capabilities of blockchain technology for new use cases. Litecoin’s development team, moreover, doesn’t see themselves as a competitor of Bitcoin, but as a side project. Bitcoin is more suitable as a store of value, due to its advanced security and solid market performance. Litecoin is better as a means of payment, and as a side investment thanks to its faster transaction speed. A Bit of History 2207 Morgan Ave, Suite D Evansville, IN 47711