The comparison is very common in our daily activities. Let's compare things to know which one is better or better fits. There is a constant debate from time to time, especially on two different products that may seem similar to consumers. Now bitcoin and litecoin are at the mercy of our daily comparisons. New investors may wonder which is the best of these two digital currencies.
That is worth the investment
Bitcoin has seen many investors since its inception. Although the currency has seen many challenges on the market front, it has not hindered its growth and investors. It is the first cryptocurrency that has emerged in the market and has obtained the advantage of having many people to invest in it, regardless of its fluctuation nature.
Although the price of bitcoin is unstable, over the years its price has risen higher and higher, thus attracting more investors. The value of a bitcoin at the beginning of 2011 was one US dollar and had risen to $ 35 in mid-2011.
In November 2011 litecoin was born, and in two years the value of litecoin has been very promising. At the end of March 2017, litecoin had increased up to 9150% while bitcoin recorded 1900%.
Regarding its price depreciation, Litecoin fell to 70.49% while Bitcoin fell to 68%. In December 2017, it increased its value four times compared to bitcoin for the first time. It will therefore not be surprising if, by the end of 2018, litecoin exceeds the bitcoin.
If you are still wondering which of these two cryptocurrencies is better, this is information you might want to consider before making a decision.
- With as many as 56 transactions per second, Litecoin is much faster than bitcoin. On the other hand, Bitcoin has 7 transactions per second. By comparing the blocking time of both currencies, litecoin takes a faster time taking 2.5 minutes to complete a process while the bitcoin takes on average 10 minutes. So litecoin can handle multiple transactions.
- As for trading, you might consider using litecoin instead of bitcoin. Because of its fast nature regarding the transaction, it makes trading more convenient and convenient. The verification process takes less than 3 minutes and you're done trading. Would you rather wait 10 minutes to verify a transaction?
- As far as mining is concerned, bitcoin is much more expensive and difficult to extract than litecoin. To extract bitcoins, you need powerful computers like the ASIC miners. So only a few people have access to mine. Litecoin, on the other hand, uses standard computers to extract them making it much easier and faster and allowing a large number of people to evaluate it.
From the above, you will agree that litecoin offers more opportunities and less complications. Would not you have a second look at Litecoin?
Disclaimer: this is not an investment advice, always do your independent research before investing in any cryptocurrency.