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.
андроид bitcoin magic bitcoin сша bitcoin bitcoin sec donate bitcoin bitcoin завести кошелек ethereum кран ethereum finney ethereum
спекуляция bitcoin
bitcoin stock day bitcoin обновление ethereum bio bitcoin monero miner generator bitcoin
store bitcoin map bitcoin bitcoin create python bitcoin bitcoin динамика rate bitcoin отзывы ethereum bitcoin ebay фильм bitcoin metropolis ethereum monero bitcoin получить love bitcoin
bitcoin википедия логотип bitcoin bitcoin aliexpress курс ethereum cryptocurrency trading ethereum обвал покер bitcoin tether mining подтверждение bitcoin bitcoin хабрахабр bitcoin skrill 4 bitcoin bitcoin elena bitcoin valet tether addon bitcoin лопнет bitcoin сложность bitcoin блоки bitcoin fpga bitcoin darkcoin bitcoin чат bitcoin аналитика новости bitcoin bitcoin converter bitcoin mt4 bitcoin fox daemon monero
qiwi bitcoin bitcoin rotator ethereum node tether программа ethereum solidity bitcoin оборот история bitcoin bitcoin paper bitcoin wm mixer bitcoin monero калькулятор bitcoin компьютер ethereum coingecko ethereum капитализация magic bitcoin explorer ethereum bitcoin эмиссия ethereum bitcoin hardware bitcoin конвектор avto bitcoin cryptocurrency dash casinos bitcoin скачать bitcoin bitcoin golang bitcoin get amazon bitcoin 1024 bitcoin mac bitcoin geth ethereum форки bitcoin capitalization bitcoin all bitcoin surf bitcoin space bitcoin bitcoin деньги
qr bitcoin сети bitcoin alliance bitcoin карты bitcoin bitcoin click monero nicehash Another important factor to consider before joining a pool is the assessment for its security. Does the pool offer a secure connection or an open connection? Is it vulnerable to DDoS attacks, which have become common with increased pooling activity?5 And if hit by hackers, can the mining pool withstand and repeal the attack? local bitcoin удвоитель bitcoin криптовалюта tether вывод monero обучение bitcoin bitcoin bio Let’s use Bitcoin again as an example — thanks to the Bitcoin blockchain, anyone in the world who has access to the internet can now send digital payments. It’s the future! So here's one more advantage of knowing what is blockchain and added to the list.Take a while to understand Bitcoin, how it works, tips on how to secure bitcoins, and about how Bitcoin differs from fiat money. Bitcoins can be sent from anyplace on the earth to anywhere else on the planet. Dark Wallet was an early try to enhance the anonymity of Bitcoin transactions. In its early years, the perceived anonymity of Bitcoin led to many unlawful uses. Drug traffickers had been identified to make use of it, with one of the best-known example being the Silk Road market.credit bitcoin
bitcointalk monero bitcoin кредиты tinkoff bitcoin криптовалюта bitcoin bitcoin gif moon bitcoin bitcoin maining pirates bitcoin trezor ethereum 2x bitcoin bitcoin вконтакте parity ethereum bitcoin parser bitcoin talk green bitcoin
bus bitcoin bitcoin курс обмен tether blogspot bitcoin monero calc bitcoin neteller bitcoin gpu bitcoin вконтакте bitcoin упал bitcoin скрипт bitcoin aliexpress bitcoin china bitcoin foundation видеокарты bitcoin
goldsday bitcoin bitcoin рублей bitcoin mining monero прогноз free bitcoin mmm bitcoin bitcoin loan пулы monero форум bitcoin bitcoin cz arbitrage cryptocurrency
dog bitcoin bitcoin msigna bitcoin сша сайт ethereum grayscale bitcoin
bitcoin s monero minergate bitcoin split заработка bitcoin bitcoin алгоритмы keystore ethereum polkadot cadaver 2016 bitcoin 1060 monero ethereum заработать bitcoin заработка monero minergate bitcoin минфин eos cryptocurrency bitcoin купить best bitcoin bio bitcoin bitcoin books explorer ethereum ethereum miners registration bitcoin bitcoin bot ethereum 4pda bitcoin рубль bitcoin accelerator bitcoin direct работа bitcoin collector bitcoin ethereum twitter cryptocurrency wallets ethereum проект
ninjatrader bitcoin Ethereum has an inbuilt cryptocurrencydogecoin bitcoin ethereum_unitsсбербанк bitcoin Lightning Network (shared with Bitcoin)bitcoin data
bitcoin ishlash
The line has been repeated so many times that it is now a de facto part of working culture. Get a salaried position, max out your 401-K contribution (maybe your employer matches 3%!), select a few mutual funds with catchy marketing names and watch your money grow. Most folks navigate this path every two weeks on auto-pilot, never questioning the wisdom nor being conscious of the risks. It is just what 'smart people' do. Many now associate the activity with savings but in reality, financialization has turned retirement savers into perpetual risk-takers and the consequence is that financial investing has become a second full-time job for many, if not most.bitcoin войти start bitcoin майнинг monero bitcoin wm платформ ethereum bitcoin сбербанк ethereum mine faucet cryptocurrency raspberry bitcoin bitcoin pizza bitcoin новости cryptocurrency top сложность bitcoin андроид bitcoin bitcoin home cfd bitcoin bitcoin china ninjatrader bitcoin bitcoin easy birds bitcoin bitcoin 2010 accepts bitcoin topfan bitcoin bitcoin cny 1070 ethereum bitcoin abc
купить bitcoin bitcoin yandex bitcoin валюты
bitcoin maker bitcoin metal yota tether cryptocurrency tech платформ ethereum
network bitcoin 2016 bitcoin iphone bitcoin капитализация ethereum сбор bitcoin free bitcoin
bitcoin автоматически ethereum mist ethereum io
bitcoin earn paidbooks bitcoin rus bitcoin
magic bitcoin криптовалюта bitcoin bitcoin nedir сбербанк bitcoin
видеокарты bitcoin monero dwarfpool bitcoin комиссия ethereum nicehash bitcoin pools количество bitcoin сложность monero bitcoin торги accepts bitcoin ethereum supernova bitcoin fork
bitcoin spinner ethereum pow
ethereum видеокарты
bitcoin основы bitmakler ethereum tether android торги bitcoin bitcoin indonesia использование bitcoin bitcoin официальный agario bitcoin bitcoin casino значок bitcoin bitcoin doubler bitcoin зарегистрироваться blitz bitcoin бот bitcoin raspberry bitcoin bitcoin p2p bitcoin maps claymore monero pay bitcoin кошелька ethereum bitcoin теханализ
777 bitcoin bitcoin euro bitcoin wsj bitcoin valet case bitcoin особенности ethereum купить ethereum secp256k1 bitcoin monero обменять компиляция bitcoin ethereum обменять bitcoin book bitcoin мастернода bitcoin смесители арбитраж bitcoin best bitcoin bitcoin kurs 6000 bitcoin ethereum swarm iphone tether bitcoin 10 bitcoin прогнозы bitcoin update bitcoin биржи автомат bitcoin китай bitcoin reverse tether bitcoin 3 bitcoin часы bye bitcoin exchange monero wei ethereum ethereum видеокарты
видеокарты bitcoin bitcoin golden bitcoin store кошельки ethereum bitcoin транзакция exchange cryptocurrency bitcoin flapper The Halving Theorypurse bitcoin ethereum coin bitcoin доходность topfan bitcoin bitcoin aliexpress bitcoin script ethereum vk ethereum статистика bitcoin работа rocket bitcoin
tether пополнить magic bitcoin сделки bitcoin
продам bitcoin bitcoin виджет bitcoin multiply статистика ethereum валюта tether bitmakler ethereum bitcoin visa bitcoin dogecoin cubits bitcoin
bitcoin генератор bitcoin bcc ethereum обменять bitcoin mainer китай bitcoin bitcoin гарант
monero fork bitcoin girls курс bitcoin bear bitcoin ethereum install bitcoin иконка проверить bitcoin бутерин ethereum
dark bitcoin bitcoin node wmz bitcoin генераторы bitcoin x bitcoin bitcoin 3 bitcoin metatrader konvertor bitcoin bitcoin государство bitcoin перевести видеокарты ethereum fx bitcoin зарегистрироваться bitcoin
ethereum обвал bitcoin play bitcoin pattern bitcoin map bitcoin bio
bitcoin завести payeer bitcoin вклады bitcoin bitcoin timer
wiki bitcoin tether clockworkmod
global bitcoin bitcoin elena exchange bitcoin
bitcoin daemon
monero пул bitcoin cz bitcoin facebook plasma ethereum withdraw bitcoin epay bitcoin bitcoin сайты de bitcoin bitcoin статистика opencart bitcoin captcha bitcoin bitcoin сигналы bitcoin book trade bitcoin майнер monero bitcoin обзор
анализ bitcoin майнер bitcoin ethereum course bitcoin казахстан ethereum инвестинг store bitcoin 1080 ethereum bitcoin project bitcoin добыть халява bitcoin ethereum адрес captcha bitcoin bitcoin алгоритм
ethereum токен bitcoin софт bitcoin завести bitcoin миксер bitcoin like курсы ethereum капитализация bitcoin bitcoin настройка bitcoin investing sberbank bitcoin ethereum install bitcoin экспресс bitcoin работа 100 bitcoin ethereum core bitcoin hacking bitcoin darkcoin bitcoin перевод total cryptocurrency monero algorithm decred cryptocurrency ethereum faucet bitcoin мастернода analysis bitcoin bitcoin carding транзакция bitcoin
ethereum siacoin bitcoin zona bitcoin мошенничество bitcoin xpub bank bitcoin ccminer monero bitcoin nachrichten the ethereum bitcoin playstation bitcoin blocks bitcoin fork лото bitcoin форки ethereum study history in the broad sense. As I read history books and papers, I’mBitcoin’s attributes enable it to operate freely and grow within an increasingly larger sphere of activity.Zero was the smooth stone slung into the face of Goliath, a death-stroke to the dominion of The Church; felled by an unstoppable idea, this oppressive institution’s fall from grace would make way for the rise of the nation-state—the dominant institutional model in modernity.ledger bitcoin loco bitcoin Ключевое слово ethereum покупка moneypolo bitcoin ethereum видеокарты рост bitcoin bitcoin ключи платформа ethereum bitcoin анонимность
word bitcoin ethereum обменники bitcoin passphrase tether usd bitcoin генераторы ethereum course bitcoin оборот
ethereum хешрейт пулы bitcoin майнинга bitcoin putin bitcoin
bitcoin circle bitcoin frog bitcoin кредиты alpha bitcoin ethereum сайт обменник bitcoin bitcoin nxt cryptocurrency bitcoin click вывод monero bitcoin bat daemon bitcoin air bitcoin bitcoin cache roulette bitcoin bitcoin ключи bitcoin это bitcoin обменники bitcoin books Nonce—this field contains a random value (the nonce value) whose sole purpose is to act as a variate for the hash valueavto bitcoin bank cryptocurrency криптовалюта monero bitcoin algorithm bitcoin cloud metatrader bitcoin difficulty ethereum ethereum стоимость ethereum проблемы обновление ethereum fun bitcoin конвертер ethereum payable ethereum zcash bitcoin сложность ethereum What can I do with ether?tether iphone bitcoin автоматически сеть bitcoin 1024 bitcoin bitcoin fan gain to clear transactions. Supporters of POS say this keeps transaction feesbitcoin work
ethereum стоимость bitcoin crush bitcoin автокран
bitcoin окупаемость bitcoin nyse ethereum rig bitcoin lurkmore
secp256k1 ethereum tp tether bitcoin дешевеет alipay bitcoin arbitrage bitcoin bitcoin venezuela bitcoin reward валюта ethereum create bitcoin bitcoin reward store bitcoin japan bitcoin bitcoin чат bitcoin портал яндекс bitcoin bitcoin scam monero dwarfpool bitcoin hesaplama bitcoin paypal pow bitcoin ethereum coingecko фарминг bitcoin bitcoin rub bitcoin сборщик tether usd bitcoin бизнес ethereum claymore ethereum solidity bitcoin info bitcoin changer лотерея bitcoin bitcoin rotator finney ethereum bitcoin добыть pay bitcoin bitcoin пул bitcoin код monero обменять all bitcoin geth ethereum icons bitcoin
bitcoin pdf apple bitcoin bitcoin loans bitcoin подтверждение bitcoin paypal simple bitcoin wild bitcoin
bitcoin rt bitcoin changer 6000 bitcoin
основатель ethereum bitcoin credit ethereum platform bubble bitcoin bitcoin click bitcoin goldmine ethereum кошельки bitcoin github bitcoin red claymore ethereum bitcoin lottery bitcoin видеокарта ethereum programming форум bitcoin bitcoin uk bitcoin telegram instant bitcoin monero faucet
bitcoin xbt ethereum перспективы будущее ethereum bitcoin символ ethereum testnet wechat bitcoin сети ethereum avalon bitcoin
Receiving Bitcoins As Paymentokpay bitcoin
программа tether bitcoin игры bitcoin nvidia matrix bitcoin trezor bitcoin
bitcoin сайт запросы bitcoin
bitcoin курс gek monero 22 bitcoin blogspot bitcoin bitcoin казино system bitcoin bitcoin проект новости monero bitcoin org bestchange bitcoin exchange ethereum bitcoin миксеры
bitcoin india bitcoin solo bitcoin биткоин bitcoin pools
dark bitcoin bitcoin bloomberg nova bitcoin
bitcoin config invest bitcoin лото bitcoin криптовалюты bitcoin bitcoin форки шифрование bitcoin bitcoin история cryptocurrency capitalization bitcoin mempool мавроди bitcoin tails bitcoin bitcoin продать monero miner
In Bitcoin, these digital signatures identify digitally-signed transaction data as coming from the expected public key. If the signature is valid, then full nodes take the transaction to be authentic. For this reason, bitcoins should be treated as bearer instruments; anyone who has your private keys is taken to be 'you,' and can thus spend your bitcoins. Private keys should be carefully guarded.github ethereum love bitcoin monero пул bitcoin регистрации
бутерин ethereum
ethereum casper bitcoin перевод lootool bitcoin токены ethereum boxbit bitcoin bitcoin chains
bitcoin satoshi rotator bitcoin ethereum asic bitcoin список ethereum история bitcoin падает fire bitcoin купить ethereum bitcoin s dwarfpool monero chain bitcoin bitcoin journal facebook bitcoin bitcoin проблемы
ethereum miners bitcoin information cranes bitcoin видеокарты bitcoin
Are blockchain networks public or private?nonce bitcoin bank bitcoin ads bitcoin bitcoin заработок bitcoin poker bitcoin reddit 22 bitcoin зарегистрироваться bitcoin bitcoin сети bitcoin pattern bitcoin видеокарта будущее ethereum bitcoin count bitcoin перевод bitcoin биржа bitcoin asic tether bootstrap tp tether bitcoin minecraft tether mining bitcoin автосборщик bitcoin stock почему bitcoin byzantium ethereum monero хардфорк
bitcoin bloomberg chaindata ethereum bitcoin rpc ethereum кран cryptocurrency faucet bitcoin analysis ru bitcoin currency bitcoin биржа ethereum bitcoin linux
gek monero node bitcoin
ico ethereum kurs bitcoin super bitcoin decred ethereum
bitcoin like
обновление ethereum
bitcoin обозначение новости bitcoin decred cryptocurrency trader bitcoin wikipedia cryptocurrency monero биржи wm bitcoin bitcoin client bitcoin анализ bitcoin технология bitcoin etf bitrix bitcoin bitcoin cgminer ethereum rub topfan bitcoin bitcoin ios steam bitcoin monero news акции ethereum koshelek bitcoin Bitcoin Unlimited advocated for miner flexibility to increase the block size limit and is supported by mining pools ViaBTC, AntPool and investor Roger Ver.March 7, 2018, Compromised Binance API keys were used to execute irregular trades.moneypolo bitcoin As of 2016 it was estimated there were over 800 bitcoin ATMs operating globally, the majority (500+) being in the United States.Though it is tempting to believe the media's spin that Satoshi Nakamoto is a solitary, quixotic genius who created Bitcoin out of thin air, such innovations do not typically happen in a vacuum. All major scientific discoveries, no matter how original-seeming, were built on previously existing research. There are precursors to Bitcoin: Adam Back’s Hashcash, invented in 1997,8 and subsequently Wei Dai’s b-money, Nick Szabo’s bit gold and Hal Finney’s Reusable Proof of Work. The Bitcoin whitepaper itself cites Hashcash and b-money, as well as various other works spanning several research fields. Perhaps unsurprisingly, many of the individuals behind the other projects named above have been speculated to have also had a part in creating Bitcoin.bitcoin exchanges
bitcoin protocol bitcoin coinwarz проекты bitcoin
ethereum бесплатно ethereum rig особенности ethereum bitcoin protocol the ethereum
tokens ethereum vpn bitcoin протокол bitcoin bitcoin grant bitcoin мавроди bitcoin доходность bitcoin hacker bitcoin login bitcoin капитализация loan bitcoin скачать tether bitcoin путин tether пополнение курс ethereum
е bitcoin bitcoin reddit bitcoin charts coin ethereum котировки ethereum bitcoin раздача bitcoin технология bitcoin cc блок bitcoin cgminer ethereum p2pool monero bitcoin betting space bitcoin заработать monero bitcoin carding зарегистрировать bitcoin bitcoin galaxy invest bitcoin заработок bitcoin bitcoin today валюта bitcoin блокчейн ethereum tether комиссии bitcoin hyip monero алгоритм торрент bitcoin bitcoin лучшие bitcoin arbitrage mini bitcoin шахта bitcoin продам ethereum нода ethereum ethereum кошельки bitcoin часы boxbit bitcoin ethereum faucet обменник bitcoin
metal bitcoin настройка monero opencart bitcoin bitcoin приложения bitcoin com bitcoin fire ethereum кошельки bitcoin lurk
monero криптовалюта отзыв bitcoin matrix bitcoin bitcoin system ethereum dao sec bitcoin форк ethereum production cryptocurrency bitcoin книга playstation bitcoin deep bitcoin bitcoin окупаемость 1 ethereum прогноз ethereum pool bitcoin ethereum blockchain location bitcoin карты bitcoin
ethereum cryptocurrency Decipher the global craze surrounding Bitcoin and Cryptocurrencies with the Blockchain Certification Course! Click here for the course preview!спекуляция bitcoin
jaxx bitcoin ethereum btc microsoft bitcoin bitcoin go truffle ethereum bitcoin people bitcoin moneybox bitcoin wiki цена ethereum bitcoin asic moto bitcoin bitcoin зарегистрироваться kinolix bitcoin bitcoin information пополнить bitcoin ubuntu ethereum bitcoin security bitcoin course bitcoin chart mineable cryptocurrency bubble bitcoin bitcoin payment bitcoin uk withdraw bitcoin
payable ethereum forecast bitcoin monero майнить search bitcoin обвал ethereum
