This short video discusses the basic differences between litecoin and bitcoin, and by extension answers the question “what is litecoin”
Video Rating: 4 / 5
What is Litecoin? – Litecoin vs Bitcoin
25 thoughts on “What is Litecoin? – Litecoin vs Bitcoin”
Leave a Reply to Rhys Furley
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What about dogecoin besides it being a cool currency?
Your voice is so relaxing!
i mine zetacoin not ralley
1MUqCnmqico881oReaAUzVjBvMBzNYJZUE donate me if you’re beautiful
buy a potfilter please
It can be modified to be infinitely divisible, but as it currently stands
it is only divisible by 8 decimal places. But the quantity or exchange rate
or even the security level of Litecoin isn’t the most important factor
here. The big deal is that transfers/transactions are incredibly fast when
compared with Bitcoin. Neither Bitcoin nor Litecoin has instant
confirmation, but Litecoin would win the race every single time. Any
service that makes it instant will therefore be riskier with Bitcoin.
Not everyone agrees 🙂 But thank you!
Are you able to do a review of the newest bitcoin website coingig dot com?
The reason behind litecoin having a memory intensive hashing algorithm is
to avoid centralization of mining with ASICs. If a state wished to coontrol
bitcoin one way they could do it now is to nationalize ASIC manufacture of
cryptographic hardware with the intention of licencing it and including
know your customer laws for miners. This is less feasible if mining
continues on regular hardware since there is no single place of attack
(that one successful ASIC producer)
there is now feathercoin. fartcoin should not be too far away.
You got downvoted but litecoins are at $1.5 right now when they were at
nearly $5 the other day. THey crash and bubble just like BTC.
Your mic is a bit too sensitive.
bitcoinlabs(dot)tk:3180 online bitcoin generator in beta
Oh good lord. Bitcoin should embrace Litecoin. Currently Litecoin has
~13TH/s (equivalent BTC mining power) on the network. As more bitcoin ASIC
devices come out the number of GPUs pointed at bitcoin will approach ZERO.
They will move to other crypto thus securing those networks. Because
litecoin has the majority of the GPU power and will garner more of
it….your claim that it is more vulnerable to a 51% attack is flawed.
Having a few ASIC vendors actually increases bitcoin’s 51% vuln.
Hey is it worth it to start mining with Athlon ii x3 455 @ 3.3GHZ and a
Radeon 6770 and 4 GB of 1333 MHZ RAM? I’m really new to this stuff, and I
am not sure if it would pay back and would it compensate the electricity
bill. Can you only make money out of this if you invest huge amounts of
money in it ? Like serious hardware ? THX
You sir are a fool – newer cypto algos are far more likely to have some
form of weakness, whereas SHA256 has been widely enough used that at this
point its unlikely a massive weakness will be found. The network effect of
litecoin vs bitcoin is undeniable, and I don’t see litecoin gaining
anywhere near the traction of bitcoin.
Litecoin is arguably better than Bitcoin as far as actually using it as a
practical currency. For one, there is destined to be 4x more LTC, making it
probably always worth less than BTC. That might come in handy if BTC gains
the kind of popularity it is capable of. A report came out recently that
LTC is more secure. The big point: Litecoin is lightning fast. I’ve used
both and there is no comparison. Imagine waiting for 3 confirmations to buy
an espresso at the local cafe? Not an issue with LTC.
thx for info but I it feels like you favor bitcoin and when you use the
word substitute for litecoin it sounds like you already picked… and by
that it is no secret that you already use bitcoin but you forget the masses
that will come in over time, and they are not necessarily picking
bitcoin… and people are not adapting to a currency that says 0.0243355 as
fast as 100.50.- maybe you are but you are not the rest if the world that
acutely uses higher numbers, when understanding price.
Nice video. Included in my latest article: thegenerallifeblog
[dot|blogspot|dot|com] /2013/04/an-update-on-litecoin-explosion.html
I know it is. But I am saying those using litecoin or bitcoins don’t really
take the time to understand that it is important. They see it either as a
fad, something useful or something to buy and hold as an investment.
Bitcoins were created in Jan 09, it took maybe until 2011 to find their
footing. As long as someone can make money off it litecoins will increase
in value/use. BTW when you run a utube channel directly insulting people
who are your viewers doesn’t bode well for future viewership.
Actually the longer an encryption algorithm has been used and tested the
more secure and more trusted it is. But he is wrong in that it doesn’t
factor into people deciding to use it or not. As long as the network as a
whole can survive attacks it will be used, and as long as people run from
currency and equity markets there’s a market for both. And he’s also wrong
to believe bitcoins will be prefered over litecoins. The real ? for both is
will their value hold after all the Ł and ฿ are mined up.
Good Video mate
Thanks John – appreciate it!
More units isn’t a benefit as all units are infinitely divisible in both
currencies. Cryptocurrency is a backbone for an entire system, which will
include instant confirmation services (already does to a certain degree)
Quick, concise, and informative. Thanks!