Newcomers to the world of cryptocurrencies don’t fully understand the difference between different digital currencies and when cryptoassets should be used. Let’s find out the difference between bitcoin and litecoin and what these digital currencies are used for. Let’s start at the beginning Bitcoin is the very first cryptocurrency in the world, in the image
LightCoin was created in 2011. LightCoin is based on the same code as Bitcoin, but with a few modifications, in order to solve two shortcomings of its predecessor: transaction speed and access to the mining process. This cryptocurrency was developed by former Google employee Charles Lee in 2011. Litecoin has experienced both rapid growth and
The name lightcoin (LTC) is a cryptocurrency built on the Scrypt algorithm. It was created based on the program code of Bitcoin – the most famous virtual coin. There is a significant difference between them in the speed of transaction confirmation and in a rather low commission for the transactions made. Litecoin was released on