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What is litecoin compared to bitcoin

What is litecoin compared to bitcoin

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Litecoin was announced in with Coinbase, one of the most modified by anyone and freely. Litecoin can handle a higher Litecoin and Bitcoin.

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Litecoin is one of the best currencies as it has a place in the other coin market. Usually, Bitcoin is compared to gold and Litecoin is compared to silver. This means Litecoin is capable of processing 56 transactions per second, as opposed to approximately 7 per second for Bitcoin. Based on BitPay. The Bottom Line. Bitcoin is the original and most popular cryptocurrency. Litecoin is a hard fork of Bitcoin that uses a different consensus.

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This is largely due to consumer and investor perspectives�if a means of exchange can purchase more goods, it is worth more. Anyone interested in the history of cryptocurrency should learn what Litecoin is and its role in the crypto ecosystem. Bitcoin vs. Since Litecoin's founding, many have compared it to "silver" in contrast to Bitcoin's status as "digital gold. Litecoin can be used with apps, exchanges, and stores that accept it.