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What About Litecoin vs. Ethereum?
What Is Litecoin?
When you ask yourself, “Should I buy Litecoin or Ethereum?”, you’re asking what is more valuable to you:

Smart contracts
or

Cheaper and faster (than Bitcoin, at least) payment
Why do we say that?

Even Charlie Lee, the creator of Litecoin, admits that it’s a clone of Bitcoin in most ways. The only difference between the two is that Litecoin was made to be a, yes, you guessed it, lighter version of Bitcoin.

Should I buy Ethereum: a Litecoin on a black keyboard.

Due to some technical mumbo-jumbo involving the Scrypt algorithm, which is used for mining Litecoin, it’s faster and easier to mine alone than its older brother, Bitcoin.

What Is the Difference Between Litecoin And Ethereum?
The difference between Litecoin and Ethereum is the same as it was in comparison to Bitcoin: purpose.

The answer to the question of “Should I buy Litecoin or Ethereum?” remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.

Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.

Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.

So, what about it?

Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.

When you ask, “Should I buy Litecoin or Ethereum?”, I answer:

Which idea attracts you more, small payments using cryptocurrencies or secure apps? If it is payments, go with Litecoin. If it is decentralized apps, choose Ethereum.



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Cryptocurrencies are not insured by the government like U.S. bank deposits are. This means that cryptocurrency stored online does not have the same protections as money in a bank account. If you store your cryptocurrency in a digital wallet provided by a company, and the company goes out of business or is hacked, the government may not be able to step and help get your money back as it would with money stored in banks or credit unions.bitcoin wmx технология bitcoin In simpler words, the digital ledger is like a Google spreadsheet shared among numerous computers in a network, in which, the transactional records are stored based on actual purchases. The fascinating angle is that anybody can see the data, but they can’t corrupt it.Catholic Church in the 16th century, financial authorities’ control over portions of the legal system provides them with the market power to exclude

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