Is another cryptocurrency after Bitcoin, Litecoin is the second-largest true cryptocurrency by market capitalization, so it’s like the Bitcoin but it with a lower price in the market and other differences
- The Litecoin network aims to process a block every 2.5 minutes, rather than Bitcoin’s 10 minutes, which its developers claim allows for faster transaction confirmation.
- The Litecoin network will produce 84 million litecoins, or four times as many currency units as will be issued by the Bitcoin network.
- The Litecoin use another algorithm the Scrypt
How does the litecoin works is like the bitcoin use p2p connection, also the litecoin use a Wallet you can get it in the official page https://litecoin.org/ or get one online.The litecoin have their advantages against the Bitcoin but we won’t tell about details cause is more about the encryption, mining and security is just a general review of the litecoin.
But anyway you can choose the Bitcoin or the Litecoin or both it depends in which you feel more comfortable and always see how the market goes
Posted on 8/07/2015 by kuroda