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Title: What about LTC... Post by: Lobster37 on November 29, 2013, 03:06:32 PM Hello there,
i am pretty sure that there must be tousands of answers to this question, but i am a newbie so i have to post something, why not ask instead of serching? Whats the main difference between Bitcoin and Litecoin?.. Thanks for answers Title: Re: What about LTC... Post by: MichaelEngstler on November 29, 2013, 03:16:07 PM google :|
Title: Re: What about LTC... Post by: superresistant on November 29, 2013, 03:17:19 PM It is very similar.
What else do you want to know ? Title: Re: What about LTC... Post by: Doom4535 on November 29, 2013, 03:37:33 PM Litecoin came later than bitcoin and is supposed to have four times the number of coins in circulation when compared to bitcoin (this is after all coins have been mined) along with faster confirmation times. Bitcoin uses the sha-256 algorithm and litecoin uses scrypt, which is more resistant to asic's (and was intended to be more gpu resistant, although it is still more efficient to mine with a gpu than a cpu).
Title: Re: What about LTC... Post by: chalkyuk on November 29, 2013, 03:44:15 PM Think
BTC = Gold LTC = Silver Hope that helps Title: Re: What about LTC... Post by: jun3bug on November 29, 2013, 03:46:55 PM Most say LTC is the silver to Bitcoin's Gold. The main difference (from a minor's POV) is the algorithm used in the blockchain.... for all other intents and purposes, its a cryptcoin as much as Bitcoins are !
Title: Re: What about LTC... Post by: Coinmark on November 29, 2013, 03:51:43 PM You should be wary of the Gold / Silver story that LTC supporters push. Nothing against LTC, and that storyline may easily take hold of the public's imagination and lead to a pattern of trading between the two in a fixed ratio related to their scarcity -- but gold and silver are two elements, and it's been quite a while since anyone created a new element. The tradition of looking at the ratios of value between those two could easily break down in a world where millions of people can create a new element, with different properties, on a whim.
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