The Crypto world doesn’t bound the investors with one option i.e. Bitcoin which was the main focus of investors way back. Now Litecoin has shifted the interest of marketers for so many good reasons as per the experts. With time the two have become the most favorable options in the market, thus investors often ask litecoin vs bitcoin- which is better?
The answer lies here with us. Check out to know which cryptocurrency is the best one to go with.
Is Litecoin Better Than Bitcoin?
Litecoin or LTC is the lite version of BTC (bitcoin), despite this, the latter is different in few ways. Crypto developer, Charlie Lee and his team have adopted a few key features of bitcoin but others are improved versions. These are as follows:
- Proof Of Work- The mining process of both currencies are the same
- Storage option- Both have similar cold storage wallets for easy and faster transactions
So how would you know, is bitcoin better than litecoin or vice versa? These differences will let you know.
Difference Between Litecoin And Bitcoin
The core level of both digital currencies is the same but the real difference lies at several levels. It includes:
1.Litecoin surpasses BTC in terms of coin production which is limited to 21 million coins for bitcoin.
2. LTC is faster in terms of block generation with a total time of 2.5 minutes. In other words, it is 4 times faster than BTC.
3. A simple mining algorithm is another reason why miners are going with Litecoin as it requires fewer resources.
Is Litecoin A Good Investment?
Of course, all these key differences make litecoin a better investment but only for small merchants. However, in terms of market capitalization Bitcoin is something that other currencies like dogecoin on the list can’t even compete with. It is still at the top of the list with a total market value of $866.23 billion.
So the gold of the crypto world is still Bitcoin but LTC is a new gold for small investors who are involved in everyday purchases. Moreover, it is a better investment option for those looking for long-term growth. On the other hand, digital currency like bitcoin is good for short-term benefits.
Now the decision lies on you- litecoin vs bitcoin- which would you choose?