[Express] Litecoin vs Bitcoin

Difference between Litecoin and Bitcoin

Litecoin has many similarities with the supreme cryptocurrency, since they are technically very similar. However, there are some differences that make it more attractive, such as the currency limit is set at 84 million Litecoins, while the Bitecoin is 21 million.

Also the Litecoin block network is much faster than Bitcoin, since it only needs 2 and a half minutes to make a transaction, while Bitcoin is 10 minutes.

In addition, Litecoin introduced changes in cryptocurrency mining to extract new currencies. Changed the hash algorithm by scrypt. This made any person from his computer have the possibility of mining Litecoin without any problem.

Finally, we must bear in mind that they do not have the same value or market capitalization, which refers to the economic dimension of this virtual currency within the cryptocurrency market.

So we can see that the high growth of Litecoin is causing greater interest on the part of the whole world. If you are interested in the world of cryptocurrencies we can not stop controlling this cryptocurrency that can still give much more of itself in the future.