The cryptocurrency can handle approximately 5 7 transactions per second. Meanwhile litecoin generates blocks in 25 minutes and can handle 56 transactions per second.
Moreover while new bitcoin cashs blocks are added every 10 minutes litecoin blocks generation time is set to 25 minutes.
Litecoin or bitcoin. So to make money mining bitcoin you need a very powerful computer. Much of litecoins performance comes from the fact that it is not under high demand. Meanwhile litecoins average transaction size is about 443 bytes.
Both bitcoin cash and litecoin provide fast peer to peer transactions globally and remain an affordable way to transfer money. Bitcoin and litecoin use fundamentally different cryptographic algorithms. With this in mind huge retailers are already starting to accept crypto.
A litecoin block takes only 25 minutes to hash compared to the 10. Still litecoin transactions are way faster. Bitcoin litecoin is also far more versatile than bitcoin in the following ways.
Litecoin seeks to be a lighter and faster version of bitcoin. Since litecoin is currently unprofitable to mine we can see that not only is litecoins hashrate lower than bitcoins this could also be due to the fact that bitcoin is more popular but also that litecoins hashrate has been decreasing while bitcoins has been steadily increasing. The main difference between litecoin vs bitcoin is the way mining on each platform works.
And because scrypt is less mathematically complex than sha 256 litecoin mining is way faster than bitcoin mining. Litecoin is as viable as bitcoin at a lower price. Litecoin is less widely accepted than bitcoin.
As i said earlier mining bitcoin is more difficult and more expensive than mining litecoin. Its not clear how it would perform under heavier usage. Litecoin transactions are processed faster which is better for cryptocurrency users and miners.
Bitcoin transactions take roughly ten minutes per blockchain confirmation. Bitcoin uses the longstanding sha 256 algorithm and litecoin uses a newer algorithm called scrypt. About 1400 merchants accept it.
However litecoins marketing efforts are arguably more active than bitcoins. The litecoin foundation has partnered with big names like ufc the miami dolphins and travala to generate attention. In figures the average transaction fee of litecoin is 0072 while that of bitcoin cash is 0005.
However this cryptocurrency was not a result of a disagreement among developers. At the moment litecoin block size is 1mb and is smaller when compared to bitcoin cashs 32mb block size. But by default litecoin is faster than bitcoin.
One can argue that litecoin ltc is also a fork of bitcoin btc as it shares the same codebase. Fast transaction processing. .
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