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'''LiteCoin''' is probably the next-best known [[cryptocurrency]], after [[Bitcoin]]. It also fittingly boasts the second largest market in crypto-currency. This alt-coin was developed by Charles Lee.
==Advantages==
LiteCoin is introduced and verified much more quickly that [[Bitcoin]]. Verification for a [[Bitcoin]] transaction can take from ten minutes to several hours. On average, a LiteCoin transaction takes about two and a half minutes.<ref>http://payament.com/bitcoin-similar-websites</ref><br />
==Disadvantages==
LiteCoin is less well known than [[Bitcoin]], so it may be accepted in fewer locations. Also for the same reason, there are fewer transfer nodes. This is believed by some to make the system less secure than [[Bitcoin]].<ref>http://payament.com/bitcoin-similar-websites</ref><br />
==References==
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