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Litecoin-Silver to Bitcoin's Gold - OracleTimes

Published 3 years ago

Litecoin-Silver to Bitcoin's Gold - OracleTimes

Crypto Gazette via

It is a fork of bitcoin client with many of the same qualities as the original cryptocurrency but has several upgrades over the latter that allows it to have the extremely fast transfer. The Litecoin was developed by Charlie Lee, a former Google employee who believed there was a need in the market to be bitcoin’s silver and therefore started working on the project. At that time it was just a fork of bitcoin client but the block generation time was reduced to just 2.5 minutes.It used a different hashing algorithm compared to bitcoin that was named Scrypt and it had a different GUI as well. The goal of the Litecoin as inception was simple; offer a cheaper, faster and more liquidity based cryptocurrency to bitcoin that can stand on its own. Though Litecoin and Bitcoin are very similar, there are some basic differences as well. Here are they: The future of Litecoin as a major cryptocurrency was largely affected by the introduction of Bitcoin Cash. Bitcoin Cash was a hard fork of bitcoin operating on older protocol and it had all the features of the bitcoin itself. The numerous advantages of Litecoin over Bitcoin will always be there and therefore, it is safe to say that Litecoin will always have a slice of the pie of the cryptocurrency world. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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