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AuteurDiscussion:What are the difference between Bitcoin and Litecoin?


Kellyleona
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What are the difference between Bitcoin and Litecoin?
le: 18/06/2019

In 2009, According to online assignment help company Satoshi Nakamoto launched Bitcoin as the first world cryptocurrency. Litecoin was launched in 2011 by Charles Lee with a goal of being silver to Bitcoin gold. Litecoin has the largest market cap after Bitcoin. The coin limit in Bitcoin is 21 million as compared to the Litecoin 84 million limits. The SHA-256 algorithm is being used by Bitcoin and Script algorithm is used by Litecoin. Just like Bitcoin, Litecoin is also a cryptocurrency that is generated by mining. Litecoin can handle a large volume of transaction due to its faster generation. If Bitcoin tries to match it, it would require the important updates in the algorithm.

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