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Intro to Litecoin

Intro to Litecoin

Litecoin is a digital currency, which enables instant, near-zero cost payments to anyone in the world. Built on an open source ethos. And powered by a fully decentralised global payment network. The network is secured by cryptography and empowers individuals to control their finances.

Differences between Bitcoin and Litecoin


“One of the goals of Litecoin is to not change what's working (from Bitcoin) unless there was a good reason to.” - Charlie Lee

Litecoin shares a majority of its code with Bitcoin, with a large shared feature set. Notably features setting Litecoin apart from Bitcoin include:

  • 2.5 min transaction confirmation time
  • 84M max coins
  • Scrypt proof-of-work
  • MWEB privacy & fungibility
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