03/26/2024

Litecoin (LTC) and Bitcoin (BTC) are the two leading cryptocurrencies in the crypto market. Here is a comparison between Litecoin and Bitcoin:

Launch time: Bitcoin was launched in 2009 by Satoshi Nakamoto, while Litecoin launched in 2011, created by Charlie Lee.

Intended use: Bitcoin is often seen as a digital means of payment and a store of value asset, while Litecoin is often used as a secondary means of payment and has transaction confirmation times faster than Bitcoin.

Transaction confirmation speed: Litecoin has faster transaction confirmation times than Bitcoin. While Bitcoin has an average confirmation time of about 10 minutes for each new block, Litecoin only takes about 2.5 minutes.

Mining Algorithm: Bitcoin uses the SHA-256 algorithm for mining, while Litecoin uses the Scrypt algorithm. Scrypt is said to be less energy intensive than SHA-256, which makes Litecoin mining easier for regular users.

Total supply: Bitcoin has a maximum total supply of 21 million coins, while Litecoin has a maximum total supply of 84 million coins. This means Litecoin has a larger supply than Bitcoin, which could affect the future value of each coin.

Market value: Bitcoin is the cryptocurrency with the highest market value and is considered the "king" of the cryptocurrency market. Meanwhile, Litecoin is often considered a secondary cryptocurrency and has a lower market value than Bitcoin.
Reference: https://goonus.io/markets/LTC_USD

Litecoin (LTC) là gì? 1 LTC to USD = 97.97 USDT ✔️LTC/USD chart hôm nay +7.05% ✔️Biểu đồ Litecoin USD, vốn hoá thị trường LTC = 7.22b USD

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