Some Bitcoin blockchain participants suggested modify the rules and enable Bitcoin to process a bigger transactions volume. The majority of nodes voted against, which led to the hard fork, creating two blockchain paths with one origin: Bitcoin and Bitcoin Cash. The LTC Visa debit card and increased convenience Two of the most popular contenders as alternatives to Bitcoin are Litecoin (LTC) and Bitcoin Cash (BCH). The former was launched in 2011, which makes it one of the oldest cryptocurrencies in the market. It was somehow a clone of Bitcoin. But as it appeared two years later, Litecoin already uses a different Proof of Work (PoW) consensus mechanism. Transactions are performed faster on Litecoin in comparison to Bitcoin. These features have contributed to LTC becoming one of the top cryptocurrencies by market capitalization nowadays.
You are visiting WikiBit. WikiBit website and its mobile product is a blockchain enterprise information query tool distributed worldwide. Users are required to comply with the relevant laws and regulations of their countries and regions when using WikiBit products. Litecoin Vs. Bitcoin FAQ Litecoin has historically maintained a high liquidity rate.