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What About Litecoin vs. Ethereum?
What Is Litecoin?
When you ask yourself, “Should I buy Litecoin or Ethereum?”, you’re asking what is more valuable to you:
Smart contracts
or
Cheaper and faster (than Bitcoin, at least) payment
Why do we say that?
Even Charlie Lee, the creator of Litecoin, admits that it’s a clone of Bitcoin in most ways. The only difference between the two is that Litecoin was made to be a, yes, you guessed it, lighter version of Bitcoin.
Should I buy Ethereum: a Litecoin on a black keyboard.
Due to some technical mumbo-jumbo involving the Scrypt algorithm, which is used for mining Litecoin, it’s faster and easier to mine alone than its older brother, Bitcoin.
What Is the Difference Between Litecoin And Ethereum?
The difference between Litecoin and Ethereum is the same as it was in comparison to Bitcoin: purpose.
The answer to the question of “Should I buy Litecoin or Ethereum?” remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.
Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.
Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.
So, what about it?
Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.
When you ask, “Should I buy Litecoin or Ethereum?”, I answer:
Which idea attracts you more, small payments using cryptocurrencies or secure apps? If it is payments, go with Litecoin. If it is decentralized apps, choose Ethereum.
In July 2013, a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa. During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.биржа bitcoin bitcoin bot litecoin bitcoin отзыв bitcoin bitcoin drip tor bitcoin bear bitcoin Send Litecoinlucky bitcoin bitcoin cryptocurrency mindgate bitcoin заработок ethereum алгоритм ethereum bitcoin goldmine monero xeon криптовалют ethereum monero раздача bitcoin ethereum api monero график blog bitcoin bitcoin block хабрахабр bitcoin bitcoin plugin картинка bitcoin bitcoin торговля bitcoin etf bitcoin котировки ethereum создатель bitcoin фирмы 1 monero bitcoin foto bitcoin cran cryptocurrency dash tether android bitcoin миксеры bitcoin скрипт ethereum заработок сложность bitcoin up bitcoin amazon bitcoin
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