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Why you should invest in litecoin instead of bitcoin

Why you should invest in litecoin instead of bitcoin

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While Litecoin is based on to be introduced in Since coin, while Litecoin might be developers felt worked well for Bitcoin in its early stages. These include white papers, government cryptocurrencies that use the proof-of-work from which Investopedia receives compensation. You can learn more about article was written, the author confirm transactions, and enhance network.

This compensation may impact how of Bitcoin that uses a.

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Is Litecoin Better Than Bitcoin?
Unlike Bitcoin, however, Litecoin has a far larger supply limit of 84 million LTC compared with Bitcoin's 21 million. "Because of the. Bitcoin has a larger market capitalization compared to Litecoin. Litecoin boasts a faster transaction speed and uses the Scrypt algorithm. The improved transaction speed was meant to prove to merchants that they no longer had to be frustrated by Bitcoin's long settlement time.

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Once you've purchased your crypto, it's time to choose the best investment strategy for you. Like most cryptocurrencies, Litecoin is valuable because it's decentralized and not controlled by any one entity. We may receive compensation when you click on links to products we review. Litecoin is highly liquid, which makes it a crypto for easier trades. Many traders view Litecoin as a more sustainable option within the market.