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Post Info TOPIC: Differences and similarities between Bitcoin and Litecoin


Flight Sergeant

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Differences and similarities between Bitcoin and Litecoin
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There are some similarities between Bitcoin and Litecoin cryptocurrencies:

 

first of all, this is the fact that both coins do not have a control and regulation center, which means that both projects are completely decentralized;

all monetary transactions that are made on both platforms are anonymous;

all network transactions are irreversible;

the volume of emission of cryptocoins is known in advance and is limited in quantity;

mining of coins is based on the cyclical hashing mechanism.

 

Total number of coins

bitcoin - 21,000,000 BTC

litecoin - 84,000,000 LTC

 

Computation complexity recalculation

bitcoin - once every 10 minutes

litecoin - once every 3.5 days



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Corporal

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hm.....



-- Edited by rekekih on Friday 22nd of January 2021 07:23:42 PM

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