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Topic: How is bitcoin better than litecoin? - page 5. (Read 11725 times)

member
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★777Coin.com★ Fun BTC Casino!
August 04, 2015, 10:41:07 AM
Market Capitalization and Popularity

At the time of writing, Bitcoin’s market capitalization sits at roughly $4 billion. Whether this figure strikes you as either high or low will depend largely on your historical perspective. When we consider that Bitcoin’s market capitalization was barely $42,000 in July 2010, its current figure seems staggering. When, however, we consider that it has declined by roughly 66 percent since its all-time high in December 2013, its current figure seems comparatively modest. What is clear is that Bitcoin remains by far the most highly valued player in the cryptocurrency space.

Litecoin, however, has also made significant progress in recent years. An analysis of Google search data shows that public interest in both currencies have been highly correlated since the launch of Litecoin in 2011.

litecoin trends

Based on market capitalization and public interest alone, the characterization of Litecoin as the silver to Bitcoin’s gold seems warranted.

Read more: http://www.investopedia.com/articles/investing/042015/bitcoin-vs-litecoin-whats-difference.asp#ixzz3hrShPRKS
Follow us: @Investopedia on Twitter
newbie
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August 04, 2015, 10:16:50 AM
okey because Litecoin, however, uses the scrypt algorithm – originally named as s-crypt, but pronounced as 'script'. This algorithm incorporates the SHA-256 algorithm, but its calculations are much more serialised than those of SHA-256 in bitcoin. Scrypt favours large amounts of high-speed RAM, rather than raw processing power alone. As a result, scrypt is known as a 'memory hard problem'.

The consequences of using scrypt mean that there has not been as much of an 'arms race' in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm. However, this is soon to change, thanks to companies like Alpha Technologies, which is now taking preorders.
legendary
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August 04, 2015, 08:54:48 AM
How about the opposite, is there any advantage of Litecoin over Bitcoin? Honestly, I'm not against Litecoin per se but I can't think of any.

Same as Euro vs USD, Gold vs Silver, etc?

Once/if both are widely accepted, then the advantage is diversification. If BTC hits a snag you can fall back to LTC, and vice-versa.

Having alternatives is preferable to having no alternatives.
hero member
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37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP
August 04, 2015, 08:46:12 AM
well i don't know about it but i prefer bitcoin more than litecoin since bitcoin is more established than litecoin in my opinion Cheesy
legendary
Activity: 1176
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August 04, 2015, 08:33:26 AM
So we've heard plenty advantages of Bitcoin over Litecoin.

How about the opposite, is there any advantage of Litecoin over Bitcoin? Honestly, I'm not against Litecoin per se but I can't think of any.
hero member
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August 04, 2015, 08:23:47 AM
BTC is much more popular than LTC and much more in daily use  Wink
sr. member
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August 04, 2015, 06:13:46 AM
Most of people may heard about bitcoin, but they never know litecoin/
                                                                                               
hero member
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August 04, 2015, 04:31:55 AM
I think almost everyone would choose bitcoin, almost the same reasons, the price of bitcoin bitcoin larger or more popular
legendary
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..like bright metal on a sullen ground.
August 04, 2015, 01:49:47 AM
wiki leaks now accepting litecoin so score one for them





Nice!!!
member
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August 04, 2015, 01:46:46 AM
Well? Let's hear it.
I use bitcoin for two years already, but never use litecoin yet.
hero member
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August 04, 2015, 01:44:06 AM
Is there much differences between litecoin and bitcoin? People so far knows Bitcoin instead of litecoin or Bitcoin-related program likes Ethereum, why Bitcoin is better than litecoin or Ethereum, that's the reason, Most people knows only Bitcoin and most people use Bitcoin only.
More widely known is the most important thing in my opinion since that's mean more people using it mean bitcoin can be spend more easily, while litecoin are just copy from bitcoin with some modification.
legendary
Activity: 1946
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August 04, 2015, 01:37:09 AM
Is there much differences between litecoin and bitcoin? People so far knows Bitcoin instead of litecoin or Bitcoin-related program likes Ethereum, why Bitcoin is better than litecoin or Ethereum, that's the reason, Most people knows only Bitcoin and most people use Bitcoin only.

in my opinion any sort of cryptocurrency that is created after bitcoin no matter what its name, is irrelevant and can not come near the popularity of bitcoin as long as they are not introducing something new and useful.

litecoin is just a copy of bitcoin with minor differences that doesn't matter to the end user, so it is never going to matter much.
sr. member
Activity: 322
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August 04, 2015, 01:29:46 AM
Is there much differences between litecoin and bitcoin? People so far knows Bitcoin instead of litecoin or Bitcoin-related program likes Ethereum, why Bitcoin is better than litecoin or Ethereum, that's the reason, Most people knows only Bitcoin and most people use Bitcoin only.
legendary
Activity: 1176
Merit: 1011
August 04, 2015, 01:18:09 AM
Also, Bitcoin has faster confirmations than Litecoin.

You may think it's the other way round, with Litecoin having 4 times shorter block mining time. But those blocks deliver way more than 4 times less certainty. Consider the computer power you'd need to "reverse" a Bitcoin or a Litecoin transaction, after 1 minute, 5 minute, 20 minutes, etc. It should become increasingly harder (computationally more intensive) in time. Bitcoin clearly wins in that aspect.

After x minutes of time, a Bitcoin transaction is typically more "confirmed" (can be trusted to never be reversed) than a Litecoin transaction.
legendary
Activity: 1241
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..like bright metal on a sullen ground.
August 04, 2015, 01:10:55 AM
in brief, marketing. BTC have more hipsters using it than Litecoin Smiley

More than nothing isn't saying much  Wink
member
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August 04, 2015, 12:08:23 AM
I think bitcoin better than litecoin because bitcoin has the highest price  Grin
newbie
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August 03, 2015, 11:54:42 PM
Most secure network and block chain.
legendary
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August 03, 2015, 07:24:19 PM
in brief, marketing. BTC have more hipsters using it than Litecoin Smiley
sr. member
Activity: 249
Merit: 250
August 03, 2015, 04:44:06 PM
Bitcoin is better than Litecoin because has great potential especially compared to generic clones, which most of alt coins are. more stable and supported by larger community
hero member
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August 03, 2015, 02:07:26 PM
Yes, the main advantage is the greater popularity and support for Bitcoin. Once you get this type of cryptocurrency, any additions (more security, faster confirmations etc.) are not likely to add that much providing than the first cryptocurrency is already functional. And it is.

Love litecoin, though, and other cryptos Cheesy
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