Topic: What about LTC... (Read 450 times)
You should be wary of the Gold / Silver story that LTC supporters push. Nothing against LTC, and that storyline may easily take hold of the public's imagination and lead to a pattern of trading between the two in a fixed ratio related to their scarcity -- but gold and silver are two elements, and it's been quite a while since anyone created a new element. The tradition of looking at the ratios of value between those two could easily break down in a world where millions of people can create a new element, with different properties, on a whim.
Most say LTC is the silver to Bitcoin's Gold. The main difference (from a minor's POV) is the algorithm used in the blockchain.... for all other intents and purposes, its a cryptcoin as much as Bitcoins are !
Think
BTC = Gold
LTC = Silver
Hope that helps
BTC = Gold
LTC = Silver
Hope that helps
Litecoin came later than bitcoin and is supposed to have four times the number of coins in circulation when compared to bitcoin (this is after all coins have been mined) along with faster confirmation times. Bitcoin uses the sha-256 algorithm and litecoin uses scrypt, which is more resistant to asic's (and was intended to be more gpu resistant, although it is still more efficient to mine with a gpu than a cpu).
It is very similar.
What else do you want to know ?
What else do you want to know ?
google :|
Hello there,
i am pretty sure that there must be tousands of answers to this question, but i am a newbie so i have to post something, why not ask instead of serching?
Whats the main difference between Bitcoin and Litecoin?..
Thanks for answers
i am pretty sure that there must be tousands of answers to this question, but i am a newbie so i have to post something, why not ask instead of serching?
Whats the main difference between Bitcoin and Litecoin?..
Thanks for answers
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