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What About Litecoin vs. Ethereum?
What Is Litecoin?
When you ask yourself, “Should I buy Litecoin or Ethereum?”, you’re asking what is more valuable to you:

Smart contracts
or

Cheaper and faster (than Bitcoin, at least) payment
Why do we say that?

Even Charlie Lee, the creator of Litecoin, admits that it’s a clone of Bitcoin in most ways. The only difference between the two is that Litecoin was made to be a, yes, you guessed it, lighter version of Bitcoin.

Should I buy Ethereum: a Litecoin on a black keyboard.

Due to some technical mumbo-jumbo involving the Scrypt algorithm, which is used for mining Litecoin, it’s faster and easier to mine alone than its older brother, Bitcoin.

What Is the Difference Between Litecoin And Ethereum?
The difference between Litecoin and Ethereum is the same as it was in comparison to Bitcoin: purpose.

The answer to the question of “Should I buy Litecoin or Ethereum?” remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.

Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.

Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.

So, what about it?

Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.

When you ask, “Should I buy Litecoin or Ethereum?”, I answer:

Which idea attracts you more, small payments using cryptocurrencies or secure apps? If it is payments, go with Litecoin. If it is decentralized apps, choose Ethereum.



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To learn more about Bitcoin ATMs, P2P exchanges and broker exchanges, read our guide on how to buy cryptos. In that guide, I give you full instructions on setting up your wallet, verifying your identity and buying Bitcoin with each payment method.WhatsAppmoney bitcoin надежность bitcoin rush bitcoin tether программа Store/Hold Litecoinкотировка bitcoin

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In practice, a major factor is how much coordination can be done on-chain vs. off-chain, where on-chain coordination makes coordinating easier. In some new blockchains (such as Tezos or Polkadot), on-chain coordination allows the rules or even the ledger history itself to be changed.Private Key: Think of this as the password to your bank account — this is used to access your wallet.bitcoin scripting Gain expertise in core Blockchain conceptsVIEW COURSEBlockchain Certification Training Course

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