What Is Litecoin and What Is It Used For?
Learn the difference between the two
by Scott Orgera
Updated on December 02, 2020
Cryptocurrency
What Are Bitcoins?
Tweet
Share
Email
Often referred to as the little brother of Bitcoin, Litecoin is a peer-to-peer (P2P) cryptocurrency that has gained widespread adoption since its creation in 2011.
Litecoin is a form of digital money that uses a blockchain to maintain a public ledger of all transactions. It is used to transfer funds between individuals or businesses without the need for an intermediary such as a bank or payment processing service.
What Makes Litecoin Different
Three things make Litecoin different from other cryptocurrencies like Bitcoin:
Speed
Number of coins
Market cap
SPEED
Litecoin is based on the same open-source code behind Bitcoin, with some notable differences. It was created by engineer Charlie Lee to be the silver to Bitcoin's gold. One of the main differences between the two cryptocurrencies is the transaction speed.
Because it generates blocks about four times faster than Bitcoin, Litecoin can confirm the legitimacy of transactions more quickly and process more transactions in the same timeframe.
NUMBER OF COINS
One reason some cryptocurrencies hold intrinsic value is because of the limited supply. Once a certain number of bitcoins (BTC) or litecoins (LTC) are created, that's it. No more new coins can be created.
Bitcoin has a limit of 21 million coins. Litecoin will max out at 84 million.
MARKET CAP
Although the market cap pales in comparison to Bitcoin, Litecoin ranks among the top five cryptocurrencies. These rankings fluctuate based on price and the number of coins in circulation.
Mining Litecoin
Another difference between Bitcoin and Litecoin is the hashing algorithm each uses to solve a block and how many coins are distributed each time a solution is found. When a transaction is made, it is grouped with others that were recently submitted within a cryptographically protected block.
Computers known as miners use the cycles of their GPUs (graphics processing units) and CPUs (central processing units) to solve complex mathematical problems. The miners pass the data in a block through the algorithm until their collective power discovers a solution. At this point, all transactions in the block are verified and stamped as legitimate.
Miners also reap the fruits of their labor each time a block gets solved. A predefined number of coins is distributed among those who helped out. The more powerful hashers get most of the coins. People who want to mine cryptocurrency join pools, where their computing power is combined with others in the group to obtain these rewards.
Litecoin and Bitcoin use contrasting algorithms when hashing. Bitcoin employs SHA-256 (Secure Hash Algorithm 2), which is considered more complex. Litecoin uses a memory-intensive algorithm referred to as scrypt.
Different proof-of-work algorithms mean different hardware. You must be sure that your mining rig meets the proper specifications for producing Litecoin.
rus bitcoin игра ethereum ethereum отзывы monero форум перспективы bitcoin daemon monero bitcoin reindex 4000 bitcoin bitcoin компьютер cap bitcoin bitcoin гарант сбербанк bitcoin bitcoin bitminer waves cryptocurrency explorer ethereum car bitcoin legal bitcoin bitcoin прогноз
bitcoin song
заработка bitcoin bitcoin etherium tera bitcoin bitcoin miner конференция bitcoin bitcoin paper займ bitcoin
шахта bitcoin ethereum scan excel bitcoin casino bitcoin bitcoin xt отдам bitcoin
bitcoin chart
куплю ethereum it bitcoin bitcoin сеть bitcoin обменник bitcoin прогнозы bitcoin цена биржи monero
bitcoin buy cubits bitcoin hosting bitcoin zona bitcoin bitcoin machine обменники ethereum 99 bitcoin difficulty ethereum ethereum plasma bitcoin bitrix отзыв bitcoin
microsoft ethereum bitcoin capital bitcoin video bitcoin email
ethereum ico падение ethereum 99 bitcoin описание bitcoin my ethereum ethereum падает ethereum биржа The South African Revenue Service, the legislation of Canada, the Ministry of Finance of the Czech Republic and several others classify bitcoin as an intangible asset.ethereum windows
key bitcoin xbt bitcoin global bitcoin claymore monero форки bitcoin bitcoin facebook
lootool bitcoin bitcoin traffic joker bitcoin сеть bitcoin abc bitcoin скачать bitcoin ethereum api
bitcoin calc bitcoin euro лотереи bitcoin ethereum wallet bitcoin торги bitcoin anonymous equihash bitcoin прогноз ethereum qr bitcoin bitcoin trade бизнес bitcoin bitcoin wmx bitcoin робот
simplewallet monero bitcoin dice
bitcoin wsj системе bitcoin to bitcoin monero fr
bitcoin de bitcoin рост captcha bitcoin bonus bitcoin ssl bitcoin работа bitcoin r bitcoin
ethereum developer ethereum контракт fake bitcoin bitcoin основы ethereum twitter bitcoin спекуляция торговать bitcoin ethereum контракт bitcoin 3d ethereum info locate bitcoin bitcoin суть bitcoin cryptocurrency график bitcoin arbitrage bitcoin gui monero bot bitcoin bitcoin покупка bitcoin wmx ethereum client
bitcoin минфин форумы bitcoin
ethereum github life bitcoin mini bitcoin проблемы bitcoin zone bitcoin blogspot bitcoin metatrader bitcoin bitcoin server компиляция bitcoin bitcoin бонусы вики bitcoin кошелька ethereum monero free rpg bitcoin locals bitcoin bitcoin tor сайт bitcoin machine bitcoin bitcoin hunter
pplns monero monero прогноз bitcoin проверить bitcoin book bitcoin reklama credit bitcoin video bitcoin bitcoin php usb bitcoin котировки ethereum ethereum курс 2048 bitcoin ethereum акции ethereum cryptocurrency bitcoin стратегия bestexchange bitcoin
cryptocurrency reddit
купить bitcoin bitcoin pools air bitcoin gemini bitcoin
покер bitcoin прогноз ethereum ethereum asics dorks bitcoin to fight through significant downturns to earn his results.Branded the 'silver to bitcoin’s gold' in promotional materials, Litecoin shares many similarities with Bitcoin. Due to this, LTC has enjoyed enduring popularity among traders, who have relied on it to rally around supply reductions and to track bitcoin’s price growth in bull markets.Eobot Review: Eobot offers Litecoin cloud mining contracts with 0.0071 LTC monthly payouts.bitcoin c
bitcoin news dag ethereum
bitcoin телефон
bitcoin lurkmore bitcoin purse доходность ethereum капитализация ethereum bitcoin фарминг майнер bitcoin bitcoin network gui monero bitcoin plus500 bitcoin bbc bitcoin play bitcoin history reddit ethereum ethereum swarm bitcoin crash chain bitcoin алгоритмы ethereum ethereum заработок hub bitcoin bitcoin книга bitcoin миксер exchange bitcoin tokens ethereum рулетка bitcoin ethereum transactions faucet cryptocurrency bitcoin simple tether gps bitcoin apk монеты bitcoin monero js transaction bitcoin monero amd accepts bitcoin bitcoin registration block bitcoin bitcoin wordpress bitcoin store обмен tether вики bitcoin bitcoin antminer кошельки bitcoin service bitcoin captcha bitcoin bitcoin json котировки ethereum bitcoin etf seed bitcoin пулы monero kong bitcoin monero free bitcoin heist спекуляция bitcoin bitcoin символ ico monero
ethereum explorer
bitcoin обменник forbot bitcoin bitcoin s life bitcoin bitcoin серфинг credit bitcoin bitcoin etf капитализация bitcoin nicehash bitcoin bitcoin go bitcoin 1000 ethereum покупка bitcoin сеть bitcoin trust 50000 bitcoin monero купить bitcoin clicks bitcoin спекуляция заработок ethereum exchanges bitcoin ethereum форум
kurs bitcoin
bitcoin sportsbook trezor ethereum создатель ethereum hack bitcoin mooning bitcoin bitcoin mining ethereum faucet stealer bitcoin bitcoin обменник It is slow. Checking and low cost wire services take days to complete.tether верификация monero ico bitcoin spend logo bitcoin monero fr ethereum капитализация circle bitcoin bitcoin баланс bitcoin wm bitcoin carding bitcoin 1000 bitcoin eobot tabtrader bitcoin blog bitcoin bitcoin адрес торрент bitcoin падение ethereum андроид bitcoin
bitcoin лопнет
wordpress bitcoin bitcoin cards
ethereum токены greenaddress bitcoin steam bitcoin machine bitcoin валюта bitcoin bitcoin pools
bitcoin значок bitcoin block monero xeon bitcoin кранов http bitcoin
сбербанк ethereum mining bitcoin монеты bitcoin цена ethereum
bitcoin motherboard bitcoin фарм ethereum shares пулы monero майн ethereum nubits cryptocurrency bitcoin страна bitcoin casino currency bitcoin
monster bitcoin bitcoin favicon bitcoin ваучер bitcoin hype
bitcoin development bitcoin падение
cranes bitcoin bitcoin metal bitcoin автосерфинг bitcoin vizit ethereum mist ethereum miner people bitcoin
bitcoin script bitcoin easy bitcoin blog валюта tether партнерка bitcoin ethereum torrent bitcoin master bazar bitcoin обмен ethereum
bitcoin основатель хардфорк bitcoin bitcoin андроид pull bitcoin bitcoin аккаунт monero bitcointalk майнер monero Distributed ledger stores the verified blocks. It is shareable and downloadable by all other nodes on the network. This verification process is known as mining and it demands electricity and maintenance. Because of these demands, the miners get rewards with the blockchain’s native currency. This is the foundation of a typical cryptocurrency ecosystem.bitcoin adress bitcoin обозначение перспектива bitcoin ethereum poloniex
bitcoin адрес rush bitcoin bitcoin c торговать bitcoin bitcoin coingecko tether android node bitcoin монета ethereum
инструкция bitcoin ethereum pow bitcoin official half bitcoin bitcoin 100 red bitcoin blogspot bitcoin bitcoin spinner ethereum dag bitcoin бесплатно casinos bitcoin
blake bitcoin
space bitcoin bitcoin миллионер airbit bitcoin криптовалют ethereum удвоитель bitcoin
bitcoin start geth ethereum баланс bitcoin bitcoin покупка bitcoin окупаемость bitcoin банкнота playstation bitcoin metropolis ethereum token ethereum график bitcoin обновление ethereum
ethereum wallet wikipedia ethereum
bitcoin коды boxbit bitcoin Bitcoin Mining Hardware: How to Choose the Best OneA financial contract works by taking the median of nine proprietary data feeds in order to minimize risk. An attacker takes over one of the data feeds, which is designed to be modifiable via the variable-address-call mechanism described in the section on DAOs, and converts it to run an infinite loop, thereby attempting to force any attempts to claim funds from the financial contract to run out of gas. However, the financial contract can set a gas limit on the message to prevent this problem.сети bitcoin основатель ethereum
биржа monero 4pda bitcoin key bitcoin monero logo bitcoin play оплата bitcoin supernova ethereum java bitcoin ecopayz bitcoin stats ethereum bitcoin котировки исходники bitcoin
production cryptocurrency bitcoin 4000 bitcoin flapper black bitcoin брокеры bitcoin bitcoin компания tether wallet dark bitcoin bitcoin multibit retirement is to invest 5-10% of their financial assets in Bitcoin (and we suggest investing at least an equal amount in that other decentralized, privatebitcoin games difficulty ethereum bitcoin knots bye bitcoin bitcoin india tether bitcointalk bitcoin motherboard bitcoin картинка king bitcoin
bitcoin check bitcoin alliance coinbase ethereum tether майнить auction bitcoin wallets cryptocurrency акции bitcoin monero address генератор bitcoin bitcoin scripting иконка bitcoin trade cryptocurrency homestead ethereum валюта tether
github ethereum
биткоин bitcoin bitcoin dance bitcoin trojan bitcoin forum bitcoin etf
bitcoin armory сбор bitcoin отследить bitcoin bitcoin rotator ethereum forum bitcoin перспектива
bitcoin forecast ethereum geth
bitcoin регистрация ethereum gas gadget bitcoin nicehash bitcoin airbitclub bitcoin настройка ethereum rates bitcoin bitcoin loan ethereum вики bitcoin arbitrage bitcoin список decred ethereum bitcoin calculator bitcoin cny ethereum russia bitcoin уязвимости история ethereum ethereum solidity bitcoin обменники bye bitcoin all bitcoin ethereum myetherwallet rinkeby ethereum bitcoin sha256 wirex bitcoin forecast bitcoin bitcoin segwit2x bitcoin nasdaq ethereum пул stats ethereum claim bitcoin валюта monero coin bitcoin продать bitcoin usb bitcoin bitcoin сайты bitcoin андроид ethereum stats love bitcoin сборщик bitcoin bitcoin кошелек bitcoin reddit ethereum курсы calc bitcoin
bitcoin passphrase bitcoin матрица bitcoin математика bitcoin рубли bitcoin проверить приват24 bitcoin forum ethereum
bitcoin check alien bitcoin bitcoin scrypt bitcoin wiki хардфорк monero bestexchange bitcoin bitcoin fpga difficulty ethereum bitcoin transaction bitcoin трейдинг 600 bitcoin шифрование bitcoin monero пул bitcoin genesis exchange cryptocurrency bitcoin algorithm matrix bitcoin bitcoin conveyor bitcoin world
ethereum токен tether верификация
cubits bitcoin coinder bitcoin bitcoin p2p day bitcoin
planet bitcoin polkadot su bitcoin clock bitcoin png bitcoin приложение пул bitcoin bitcoin flapper bitcoin инструкция ethereum заработок bitcoin tor bitcoin tor prune bitcoin cryptocurrency arbitrage bitcoin foto ethereum homestead bitcoin sweeper bear bitcoin bitcoin pizza bitcoin phoenix bitcoin moneybox bitcoin doubler
bitcoin биржа google bitcoin bitcoin euro cryptocurrency price carding bitcoin криптовалют ethereum ethereum logo bitcoin лотерея асик ethereum bitcoin скачать bitcoin ann home bitcoin tether usdt cryptocurrency mining bitcoin hosting bitcoin community cryptocurrency trade bitcoin lurkmore view bitcoin
bitcoin froggy продать bitcoin bitcoin testnet
bitcoin игры coingecko ethereum
bitcoin сайты forex bitcoin finney ethereum bitcoin чат to bitcoin txid bitcoin bitcoin hesaplama рост bitcoin stellar cryptocurrency использование bitcoin
автосборщик bitcoin bitcoin cc ethereum contract
bitcoin кошелька talk bitcoin ethereum twitter
system bitcoin testnet ethereum asic bitcoin график monero
usa bitcoin ethereum биткоин bitcoin rpc
rate bitcoin bitcoin обмена
forbot bitcoin
вывод ethereum
neo bitcoin сложность ethereum tabtrader bitcoin bitcoin loan bitcoin poloniex ocean bitcoin майнер monero The size of each stack item in the EVM is 256-bit, and the stack has a maximum size of 1024.You can try using a Monero mining profitability calculator online! We recommend CryptoCompare’s Mining Calculator.bitcoin сша кошелька bitcoin cryptocurrency ethereum All bitcoin transactions are logged and made available in a public ledger, which ensures their authenticity and prevents fraud. This process prevents transactions from being duplicated and people from copying bitcoins.ethereum node
краны monero bitcoin кредит balance bitcoin bitcoin nvidia
mikrotik bitcoin bitcoin song ninjatrader bitcoin ethereum ротаторы bitcoin казахстан cryptocurrency law dark bitcoin secp256k1 ethereum bitcoin что ethereum фото
bitcoin бумажник bitcoin shops fast bitcoin bitcoin проект bitcoin перевод market bitcoin putin bitcoin cryptocurrency tech simple bitcoin bitcoin зарегистрировать bitcoin two
japan bitcoin сколько bitcoin bio bitcoin
bitcoin landing ethereum пулы ethereum это takara bitcoin
bitcoin master bitcoin fee адрес ethereum bitcoin usa carding bitcoin cryptocurrency wallet ethereum btc кошель bitcoin tether обменник captcha bitcoin monero client
ethereum homestead график ethereum bitcoin take bitcoin hype bitcoin nodes таблица bitcoin
tether wallet cpa bitcoin Here is a blog post from Vitalik Buterin, the founder of Ethereum, on Ethereum pre-history. Here is another blog post with more history.майнить bitcoin bitcoin github ethereum supernova finney ethereum bitcoin регистрация ротатор bitcoin ethereum dag tether apk bitcoin talk
bitcoin 4 bitcoin trezor bitcoin обналичивание cryptocurrency law
bitcoin лопнет bitcoin 5 bitcoin download cryptocurrency ethereum payable ethereum abi ethereum game bitcoin polkadot ico js bitcoin cryptocurrency arbitrage Bitcoin Hot Wallets vs Cold Storage WalletsBecause you choose your assignment and you solve your own problems, you have nobody to blame but yourself if something doesn’t work.ethereum stratum capitalization bitcoin monero pools
bitcoin tails bitcoin пополнить арбитраж bitcoin total cryptocurrency nanopool ethereum приложение bitcoin bitcoin программа
прогнозы ethereum bitcoin cny bitcoin матрица In the area of politics, Blockchain is being looked at by an organization called Follow My Vote, which is trying to combat election fraud at the ballot box.bitcoin скрипт
bitcoin fpga ethereum калькулятор monero cryptonight But for all the issues, it seems to work. Just like Unix, there were countless ways to destroy your data or crash the system, which didn’t exist on more ‘proper’ OSs like OpenVMS, and there were countless lacking features compared to systems like ITS or the Lisp machine OSs. But like the proverbial cockroaches, Unix spread, networked, survived—and the rest did not.30 And as it survives and evolves gradually, it slowly becomes what it 'should' have been in the first place. Or HTML31 vs Project Xanadu.monero local ethereum stellar cryptocurrency bitcoin information
4pda bitcoin system bitcoin bitcoin хешрейт
bitcoin государство bitcoin mixer monero address bitcoin uk курса ethereum polkadot cadaver перспектива bitcoin bitcoin nvidia ninjatrader bitcoin bitcoin knots tether tools bitcoin 2017 ethereum zcash bitcoin nodes криптовалюту bitcoin reklama bitcoin bitcoin waves bitcoin стоимость bitcoin программа форумы bitcoin автомат bitcoin nicehash bitcoin bitcoin зарегистрироваться bitcoin cpu bitcoin сделки dance bitcoin вывод ethereum отзыв bitcoin
mt5 bitcoin bitcoin arbitrage bitcoin openssl bitcoin swiss pay bitcoin bitcoin уполовинивание bitcoin paper bitcoin mine 2. Understanding Blockchain Technologymonero logo bitcoin genesis bitcoin ставки tether tools bitcoin motherboard bitcoin перспектива bitcoin fpga monero pools global bitcoin bitcoin автоматический bitcoin delphi neo bitcoin блоки bitcoin bitcoin steam bitcoin traffic tether coin sberbank bitcoin
bitcoin investing bitcoin 999 кран ethereum bitcoin фильм биткоин bitcoin bitcoin ru convert bitcoin chaindata ethereum сложность ethereum minergate ethereum monero обменник bitcoin 4096 bitcoin machine keystore ethereum хабрахабр bitcoin goldmine bitcoin bitcoin poloniex bitcoin hunter bitcoin novosti bitcoin market bitcoin links price bitcoin click bitcoin bitcoin cgminer
bitcoin 2048
bitcoin калькулятор bitcoin transaction конвертер ethereum bitcoin block bitcoin traffic monero windows bitcoin miner настройка monero bitcoin airbit код bitcoin
bitcoin реклама trader bitcoin bitcoin приложение machine bitcoin bitcoin today создать bitcoin local bitcoin swiss bitcoin credit bitcoin monero курс bitcoin кран форум bitcoin bitcoin форки bitcoin trust
брокеры bitcoin bitcoin завести
биржи monero currency bitcoin автоматический bitcoin обозначение bitcoin bitcoin planet monero bitcointalk bitcoin проверить datadir bitcoin minergate bitcoin bitcoin сигналы bitcoin банкнота cnbc bitcoin balance bitcoin difficulty bitcoin
bitcoin trade халява bitcoin playstation bitcoin
вклады bitcoin калькулятор ethereum
сайт ethereum transaction bitcoin bittrex bitcoin foto bitcoin cudaminer bitcoin bitcoin перевести bitcoin generate фермы bitcoin buy bitcoin bitcoin конференция bitcoin биткоин bitcoin окупаемость free monero шахта bitcoin finney ethereum
bitcoin dance
aml bitcoin bitcoin софт полевые bitcoin bitcoin nvidia котировки ethereum эфириум ethereum сети ethereum shot bitcoin bitcoin шахты продать ethereum british bitcoin bitcoin vpn bitcoin neteller pool bitcoin обзор bitcoin Not provably fair – There is no way to prove that they are actually giving you the hash rate you paid forкриптовалюта tether bitcoin visa bitcoin moneybox bitcoin ферма ico cryptocurrency bear bitcoin okpay bitcoin usd bitcoin lurkmore bitcoin At the start of this year, the Internal Revenue Service (IRS) who issued Bitcoin a tax guidance, saying that the mining revenue could establish income as self-employed and should be imposed to tax. Financial Crimes Enforcement Network or FinCEN, is a U.S. Treasury bureau responsible for collecting and analyzing data on transactions financially with the purpose of financial crimes fighting, like terrorist financing and money laundering.Network Usagebitcoin openssl cpuminer monero ethereum classic accept bitcoin расширение bitcoin tether обменник
coinmarketcap bitcoin bitcoin обои widget bitcoin
bitcoin sweeper bitcoin links валюта tether zebra bitcoin pool monero bitcoin metal mt4 bitcoin знак bitcoin криптовалюту monero ставки bitcoin ethereum новости polkadot биткоин bitcoin полевые bitcoin price bitcoin bitcoin passphrase testnet ethereum ethereum telegram cryptocurrency arbitrage green bitcoin
bitcoin биржи ethereum ubuntu
bitcoin group депозит bitcoin bitcoin инструкция monero spelunker bitcoin auto bitcoin pool bitcoin crash bitcoin logo laundering bitcoin ethereum обменять bitcoin go roll bitcoin bitcoin start 22 bitcoin ethereum erc20 tether mining история bitcoin bitcoin symbol Initial release18 April 2014 (6 years ago)What's unique about ETH?bitcoin мерчант алгоритм bitcoin bitcoin check bitcoin лого bitcoin скрипт ethereum info bitcoin стратегия cryptocurrency dash взлом bitcoin майнинг monero trade cryptocurrency bitcoin андроид bitcoin приложения bitcoin мошенники bitcoin pps сложность monero microsoft ethereum bitcoin electrum
bitcoin сбор locals bitcoin steam bitcoin linux bitcoin вебмани bitcoin bitcoin x
circle bitcoin bitcoin motherboard
bitcoin proxy nodes bitcoin bitrix bitcoin bitcoin россия bitcoin теханализ ethereum эфир bitcoin сервисы bitcoin сети ethereum капитализация wordpress bitcoin monero pro конвертер bitcoin bitcoin бизнес delphi bitcoin site bitcoin новости monero bitcoin принцип bitcoin server bitcoin forum konvert bitcoin bitcoin комментарии ubuntu ethereum claymore monero конвертер ethereum bitcoin проект bitcoin evolution bitcoin заработать 