Litecoin price today
WHAT IS THE DIFFERENCE BETWEEN LITECOIN AND BITCOIN?
Furthermore, Litecoin mining is significantly cheaper than Bitcoin mining in terms of electrical cost. The downside is that the scrypt used to mine Litecoin is a stripped-down version of the Bitcoin scrypt, and so it may be inherently less secure. After all, security is one of the main reasons for using cryptocurrency in the first place, Bitcoin supporters argue, and compromising security to make spending Litecoin easier is a potential recipe for disaster. Litecoin price right now Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Charlie Lee, a MIT graduate and former Google engineer, is Litecoin's creator. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme.Price of litecoin today
The much-anticipated Litecoin Halving event occurred on August 2, 2023 and proceeded smoothly without any technical glitches. The Litecoin halving is a pre-scheduled event that occurs every 4 years on the Litecoin blockchain. Litecoin price prediction for 2023 and beyond The group of developers who worked with Charlie Lee to create Litecoin remains relatively anonymous. However, their contributions to the development and maintenance of the cryptocurrency have been crucial. Litecoin has gained a significant following and has established itself as one of the leading cryptocurrencies in the market, thanks in part to the efforts of its founders and the development team.