Crypto

Bitcoin vs Litecoin: The Ultimate Guide

This blog will help you understand how Bitcoin and Litecoin work. We’ll also clear the air around the similarities and differences between Bitcoin and Litecoin.
April 18, 2024
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Bitcoin is arguably the most famous cryptocurrency in the world. For starters, it has a market capitalization that’s bigger than the likes of Facebook (Meta) and Nvidia.

BTC has also become a store of value, a tradable asset, and a way to pay for goods and services. There’s a historical context to this popularity. Bitcoin was the first-ever cryptocurrency that the world encountered. 

It emphatically showed that an asset can be decentralized, transparent, and fast without the need for a traditional gatekeeper. Bitcoin also established the groundwork for other decentralized cryptocurrencies. 

Litecoin was one of them. It was an early Bitcoin-inspired offshoot that was created by Charlie Lee. Litecoin was heavily influenced by Bitcoin’s underlying principles and is, in many ways, similar to it.  

That said, Litecoin came after Bitcoin because of which it had time to evolve and improve. This is where the differences between the two get interesting. Join us, as we explore all that makes BTC and LTC function.

Are There Similarities Between Bitcoin And Litecoin?

First things first, Bitcoin and Litecoin are both cryptocurrencies that share certain similarities. They don’t rely on a centrali

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