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Litecoin vs Bitcoin: Who Wins the Crypto-Battle? [Infographic]

Litecoin vs Bitcoin: Who Wins the Crypto Battle? [Infographic] image BitcoinvsLitecoin4

Since we love our cryptocurrencies, today we decided to publish this awesome infographic about two of the biggest and most famous digital coins in the world: Bitcoin and its “relative” Litecoin. While one is better at some things and the other wins in other fields, they are both extremely important to the world of cryptocurrency.

The story of Bitcoin is usually more famous, mainly because of the mysterious figure behind its creation. This virtual coin was born in 2009 thanks to the genius of the anonymous Satoshi Nakamoto, who created a decentralized digital currency and managed to achieve one of the biggest breakthroughs in the world of software and technology in the last years. Or even maybe in the last decades.

Thanks to the amazing protocol created by Nakamoto and to the peer-to-peer technology that operates without a central authority, Bitcoin enables instant payments to anyone, anywhere on the planet. After four years of life, this cryptocurrency keeps thriving and its growth seems unstoppable by now, with several online and physical businesses across the world accepting Bitcoin as a form of payment.

And what about Litecoin? This virtual currency is often seen as a member of the Bitcoin family, like we said before by using the term “relative”. Much like its bigger “cousin”, this cryptocurrency uses is based on a peer-to-peer system and also enables instant payments to anyone and to anywhere. Created in 2011, Litecoin is also different from Bitcoin in some ways, since it can be efficiently mined with less effort and its transactions can be confirmed in less time. The cryptocurrency also uses a scrypt-based mining proof-of-work algorithm that makes the whole system a lot more efficient. As you can see, and for the more distracted people, Bitcoin and Litecoin are very different and yet very similar, so let’s take a look at this infographic and dissolve any doubt you might have.

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Comments on this Article: 4

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  1. Sonyt says:

    Swiftcoin is another currency that is growing very fast. I think in some years bills will be lost.

  2. Zyo says:

    “very different”, so out of thousands of lines of code, couple parameter such as the total number of coins and block time and a switch of algo makes them different? It’s a copy/paste with very little change. I don’t see how litecoin could even survive in the long run. People who own them are only hopping them resell them at a higher price and not using it for trading/barter like Bitcoin is used.

  3. Hammy99 says:

    You know, litecoin is interesting but peercoin will likely be the real contender.

  4. Vincent says:

    This opens up many possibilities. How about medcoin, sexcoin, foodcoin, electcoin. Segmented digital currencies in categories. We will not run out of cryptocurrency, pricing may be controlled. Where will it go next?

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