Kraken

Litecoin vs. Bitcoin

Litecoin (LTC) and Bitcoin (BTC), two of the more popular cryptocurrencies in terms of value and influence, are often compared to one another.

 

In fact, Litecoin has been referred to as “silver to Bitcoin’s gold,” a tagline that often entices potential buyers. On the surface, the two cryptocurrencies offer similar value as alternatives to traditional money.

 

Let’s take a deeper dive into the difference between Bitcoin and Litecoin.

litecoin vs bitcoin
litecoin ltc logo

LITECOIN

Ang litecoin ay kinopya at binago ang code ng Bitcoin na may layuning maisapabilis ang mga transaksyon at makapayunir ng mga bagong feature bago sila maging live sa Bitcoin.

Bitcoin vs litecoin

BITCOIN

Ang Bitcoin ay ginawa bilang sagot sa pag-manipula ng gobyerno sa pera, at naghahangad ito na maglingkod bilang alternatibo sa tradisyunal na mga currency ng gobyerno.

Habang maaaring ito ay isang sobrang pagpapaliwanag kung paano gumagana ang dalawang hindi kapani-paniwala at kumplikadong mga network na ito, ang layunin ng artikulong ito ay upang bigyan ka ng isang magkakatulad na paghahambing ng Litecoin vs Bitcoin upang masimulan mong mas maunawaan at pahalagahan ang mga pagkakaiba sa iyong sarili. 

The difference between Litecoin and Bitcoin

Litecoin

Litecoin was created with the intention to attract merchants who were looking for a quicker way to process transactions.

 

To achieve this, Litecoin copied the Bitcoin code and modified it by reducing the amount of time it took for new blocks of transactions to be added to the blockchain.

 

As interest from merchants in cryptocurrency faded, however, Litecoin would adopt a more aggressive approach to development, pioneering new features like the Lightning Network and Segregated Witness, cutting-edge technologies now live on Bitcoin.

 

As such, the project differs from many other cryptocurrencies in that it has always been positioned as a complement to Bitcoin by serving as a sort of a testnet for new Bitcoin features.

Bitcoin

Bitcoin is an open-source software that allows its global user base to manage a digital money supply outside the control of any government or central bank.

 

It was created in response to the 2008 global economic crisis as a means to combat inflation. In fact, the first mined block contained the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” a message many believe signifies the project’s revolutionary intent.

 

The Bitcoin software enables the computers running it to manage a ledger (the blockchain) that accounts for all transactions made using its currency (BTC) by enforcing a variety of rules.

 

The Bitcoin blockchain is a full record of the network’s transaction history validated by nodes, or individuals running its software. This ensures that each BTC cannot be copied or modified, and that bitcoins cannot be created or used in a way that is against its rules.

 

Bitcoins are scarce, divisible and transferable, making them a valuable alternative money.

Mga makabuluhang resource

Kung interesado kang matuto nang higit pa tungkol sa Bitcoin at Litecoin, mangyaring bisitahin ang aming Ano ang Bitcoin? at Ano ang Litecoin? na mga pahina sa Kraken.

 

Nais ng higit pang malalim na impormasyon sa tukoy na mga cryptocurrency at proyekto ng blockchain? Kung gayon, bisitahin ang aming Learn Center upang maisulong ang iyong kaalaman sa patuloy na lumalaking lugar na ito.