Difference between revisions of "LiteCoin"
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==Advantages== | ==Advantages== | ||
| − | LiteCoin is introduced and verified much more quickly that | + | 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== | ==Disadvantages== | ||
| − | LiteCoin is less well known than | + | 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== | ==References== | ||
{{reflist|2}} | {{reflist|2}} | ||
| − | [[ | + | [[Category:Cryptocurrency]] |
Revision as of 14:36, June 28, 2016
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.
Value
In January 2016, 1 LTC was valued at $3.08
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.[1]
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.[2]