My guess is that the BTC is the first cryptocurrency. Its existence and its value have created credibility in the e-money market.
Topic: BTC x LTC (Read 154 times)
LTC does faster and cheaper
because faster comes at a cost: much bigger blockchain and more risk of orphan rate which means requiring more confirmation and longer wait.and cheaper simply means so little are using it that their blocks are empty.
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but allows GPU mining
there is nothing called ASIC resistance, it is just a word that is used to advertise the altcoin. when they say it is ASIC resistance most of the times it means nobody has bothered YET to create an ASIC for mining that coin.in case of LTC they bothered to create it and it now exists. there are antminer ASICs for it and GPU mining is dead.
If everything that BTC does, LTC does faster and cheaper, why BTC is worth more ?
If I understand well, LTC has the same code base of BTC, but allows GPU mining, faster confirmation (every 2.5 there is a new block), cheaper transactions fees and supports all the inovations that are coming to BTC, like Atomic Swaps and Lightning Network.
So, I think that there is some arguments of why BTC doesn't adopt the same modifications in its code. Does someone know the trade-offs involved in BTC and LTC ?
If I understand well, LTC has the same code base of BTC, but allows GPU mining, faster confirmation (every 2.5 there is a new block), cheaper transactions fees and supports all the inovations that are coming to BTC, like Atomic Swaps and Lightning Network.
So, I think that there is some arguments of why BTC doesn't adopt the same modifications in its code. Does someone know the trade-offs involved in BTC and LTC ?
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