Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Tap_Global on September 11, 2019, 07:06:23 AM



Title: Bitcoin, Litecoin and Bitcoin Cash: Similarities and Differences
Post by: Tap_Global on September 11, 2019, 07:06:23 AM
Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH) are among the top 5 cryptocurrencies in existence today. These cryptocurrencies all came into existence at different times and are championed by different teams with varying goals. Despite the timeline, teams, and visions, these cryptocurrencies have a few things in common. Let’s jump in and explore the similarities and differences of Bitcoin, Litecoin and Bitcoin Cash.

To start with, we must understand that all three of these are part of an ecosystem that is regarded to still be in its infant stage. All three cryptos mentioned above are not finished products yet. Their core teams are busy creating updates while the communities continue to push for more user adoption.

Our comparisons of these cryptos will revolve around their present conditions, while also incorporating a bit of history. Before we take a closer look at the similarities and differences of Bitcoin, Litecoin and Bitcoin Cash, let’s take a brief look into how they were created.

Read the full article here: https://www.tap.global/bitcoin-litecoin-bitcoin-cash-similarities-and-differences


Title: Re: Bitcoin, Litecoin and Bitcoin Cash: Similarities and Differences
Post by: Tap_Global on September 12, 2019, 07:42:18 AM
Good piece.
All came into existence at different times but I can see the comparisons.

Thank you for taking the time to give it a read :)


Title: Re: Bitcoin, Litecoin and Bitcoin Cash: Similarities and Differences
Post by: JeffBrad12 on September 12, 2019, 08:04:53 AM
A good article but i don't agree to call them all to have the similarities caused by the fact that litecoin and bitcoin cash just a clone from the bitcoin that has already created used the open-source bitcoin code. Litecoin and bitcoin cash is ont suitable to be called as a similar coin to the bitcoin and both can be considered as clones of bitcoin and this include the ethereum too.
if you are reading the whole history and the smartcontract has started from the bitcoin open source.
In conclusion, altcoin is a clone version of bitcoin with the improvements on its protocol but it's not much better as bitcoin.


Title: Re: Bitcoin, Litecoin and Bitcoin Cash: Similarities and Differences
Post by: guydin on September 13, 2019, 07:32:41 PM
A good article but i don't agree to call them all to have the similarities caused by the fact that litecoin and bitcoin cash just a clone from the bitcoin that has already created used the open-source bitcoin code. Litecoin and bitcoin cash is ont suitable to be called as a similar coin to the bitcoin and both can be considered as clones of bitcoin and this include the ethereum too.
if you are reading the whole history and the smartcontract has started from the bitcoin open source.
In conclusion, altcoin is a clone version of bitcoin with the improvements on its protocol but it's not much better as bitcoin.

Litecoin and Bitcoin Cash have only one similarity - they are both Bitcoin forks. However, now, Litecoin is trusted more (thanks to its "father" mostly), and it is called digital silver. Bitcoin cash managed to lose popularity, although many believed that it is a "real Bitcoin".
However, I guess both of them will survive is a new crisis in the cryptocurrencies market begins again.


Title: Re: Bitcoin, Litecoin and Bitcoin Cash: Similarities and Differences
Post by: lixer on September 14, 2019, 01:48:21 PM
Well, I know that they all have their own purpose, but I have never really seen much effect of those other two on the community, if they have similarities, then there are some burdens that ought to have been lifted on bitcoin payment processor and maybe we would have been having a fast confirmation, but because bitcoin is still the most reliable coin, it created avenue for lots of congestion on the network, so tell me exactly what has been the purpose of those fork.

I am not interested much in their history, but interested in how far they have gone and how much they have really contributed to the world of cryptocurrency generally. Majority of these coins are just lying there building on hypes, but the real use case itself it’s not being felt, until their real use case is being felt before we can conclude that it serves some purpose.


Title: Re: Bitcoin, Litecoin and Bitcoin Cash: Similarities and Differences
Post by: Jating on September 14, 2019, 02:20:53 PM
Litecoin is what we call the guinea pig or silver to gold's bitcoin. It is like a testing bed for bitcoin, like halving, scaling etc. I'm not sure about Bitcoin Cash though, just a fork coin of bitcoin and then claim themselves as the true bitcoin, very shady tactic.

Bitcoin and Litecoin as very close and tight. I disagree about being not finished tough, I mean they are already complete and what we are seeing are just enhancements and for scalability, like LN for bitcoin.