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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