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What is Litecoin ?
Litecoin is a cryptocurrency that is nearly identical to Bitcoin with the exception of much lower transaction fees and up to 4x the transaction speed of Bitcoin.
How Litecoin works ?
How it is different from Bitcoin?
On the surface, Bitcoin and Litecoin share a lot in common. Litecoin uses Scrypt algorithm that is ASIC resistant. Apart from that the differences are as follows
10 mins per block
2.5 mins per block
21 million coins
84 million coins
Halved every 2,10,000 blocks
Halved every 8,40,000 blocks
Date of Launch