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Author Topic: BitCoin//BTC ByteCoin//BTE LiteCoin//LTC - Do you know the differences?  (Read 2719 times)
BitHits (OP)
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April 07, 2013, 07:05:42 AM
Last edit: April 07, 2013, 08:15:46 AM by BitHits
 #1

BitCoin//BTC ByteCoin//BTE LiteCoin//LTE

What are the measurable quantifiable differences between these coins. With all these alt crypto-currencies i think we need a one stop shop thread to educate people (including myself) on this.

Answer me these for BTC/LTC/BTE if you can kthx!

Max ever in Circulation?
Time between Blocks?
Fees?
Rate of Difficultly increase?
Current Chain Size?

OK GO!

BitCoin - BTC http://bitcoin.org/en/download (all os/arch)

Max ever in Circulation? 21,000,000
Time between Blocks? 600s (10m)
Fees? 0.0005 Minimum before 0.01 and under 10k tx
Rate of Difficultly increase? Every 2016 blocks
Current Chain Size 7.10GB

LiteCoin - LTC https://github.com/downloads/litecoin-project/litecoin/litecoin-0.6.3c-win32-setup.exe

Max ever in Circulation? 82,000,000
Time between Blocks? 150s (2.5m)
Fees?
Rate of Difficultly increase? Every 2016 blocks
Current Chain Size 1.22GB
Other notable differences from BTC: Uses much slower 'proof of work' algorithm, preventing 'overmining'

ByteCoin - BTE https://bitcointalk.org/index.php?topic=168538.0 (all os/arch)

Max ever in Circulation? 81,000,000
Time between Blocks? 600s (10m)
Fees?
Rate of Difficultly increase? Every 2016 blocks
Current Chain Size 17MB
Other notable differences from BTC:

Free BTC http://beta.BitHits.info BTC 1DNNERMT5MMusfYnCBfcKCBjBKZWBC5Lg2 DGC DH2Pm4VXxsTeqUYZkEySU1c8p5TLvuLe8u LTC LP2QiL1pnsaKVX5Qa811pFJuFL8FxkxWRz
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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saigo
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April 07, 2013, 07:17:42 AM
 #2

Great idea, some clarity and clear comparisons required for sure.

I'd like to see people add answers for the other alt coins to, PPC TRC ...etc I've no idea how they work / differ yet

Saigō Takamori : ( 1828 – 1877) was one of the most influential samurai in Japanese history. He has been dubbed the last true samurai.
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April 07, 2013, 07:31:57 AM
 #3

Litecoin is LTC not LTE...rate of difficulty increase is 4 times faster than BTC.


BTE is exactly the same at BTC, the only difference is the name. Which makes the current mindless circlejerk around it even more mindless.




There have been a few threads about the differences between the existing coins. I'd strongly recommend you search around for them. Perhaps starting with the topmost stickied thread on this subforum...
BitHits (OP)
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April 07, 2013, 07:42:51 AM
 #4

Litecoin is LTC not LTE...rate of difficulty increase is 4 times faster than BTC.


BTE is exactly the same at BTC, the only difference is the name. Which makes the current mindless circlejerk around it even more mindless.




There have been a few threads about the differences between the existing coins. I'd strongly recommend you search around for them. Perhaps starting with the topmost stickied thread on this subforum...

Been typing BTE a lot lately, just rolled off the keyboard that way. Corrected topic title thanks.

And I have been looking around, I've found most of the info myself...

Free BTC http://beta.BitHits.info BTC 1DNNERMT5MMusfYnCBfcKCBjBKZWBC5Lg2 DGC DH2Pm4VXxsTeqUYZkEySU1c8p5TLvuLe8u LTC LP2QiL1pnsaKVX5Qa811pFJuFL8FxkxWRz
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April 07, 2013, 07:47:59 AM
 #5

You can also add TRC/PPC/NVC to the comparsion.
NVC is the most attractive (in the my opinion), it is Scrypt based PoW+PoS hybrid.

NO PSAKING!
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April 07, 2013, 12:15:33 PM
 #6

Another big difference is, say i am talking to my boss about bitcoin and after we finish the conversation he goes and googles bitcoin and finds silkroad etc etc..

same scenario but this time we are talking about bytecoin, he googles, he comes back clean.

bytecoin (bitcoin, without the taint)
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April 07, 2013, 12:20:23 PM
 #7

Another big difference is, say i am talking to my boss about bitcoin and after we finish the conversation he goes and googles bitcoin and finds silkroad etc etc..

same scenario but this time we are talking about bytecoin, he googles, he comes back clean.

bytecoin (bitcoin, without the taint)
As much as I love bytecoin, if BTE gets even more popular, chances are a "silk road" will come out for it. Much like litecoin.
BitHits (OP)
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April 07, 2013, 08:12:35 PM
 #8

ByteCoin//BTE needs a damn homepage.

Try Googling ByteCoin and finding....anything relevant.

Free BTC http://beta.BitHits.info BTC 1DNNERMT5MMusfYnCBfcKCBjBKZWBC5Lg2 DGC DH2Pm4VXxsTeqUYZkEySU1c8p5TLvuLe8u LTC LP2QiL1pnsaKVX5Qa811pFJuFL8FxkxWRz
iamrickrock
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April 07, 2013, 08:22:50 PM
 #9

ByteCoin//BTE needs a damn homepage.

Try Googling ByteCoin and finding....anything relevant.

I think they are in the process of building the home page - http://www.bytecoin.in/

Also, I thought this was a 1:1 copy of the BTC code so how did you come up with the 81 Million cap? Shouldn't it be 21 Million?
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