the Difference Between Bitcoin and Litecoin ?

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    In 2009, Satoshi Nakamoto launched bitcoin as the world’s first cryptocurrency. The code is open source, which means it can be modified by anyone and freely used for other projects. Many cryptocurrencies have launched with modified versions of this code, with varying levels of success.

    Litecoin Logo

    Litecoin was announced in 2011 with the goal of being the ‘silver’ to bitcoin’s ‘gold’. At the time of writing, Litecoin  has the highest market cap of any mined cryptocurrency, after bitcoin.

    Here’s our guide to show you the crucial difference between bitcoin and litecoin.

    At-a-glance differences

    bitcoin litecoin
    Coin limit 21 Million 84 Million
    Algorithm SHA-256 Scrypt
    Mean block time 10 minutes 2.5 minutes
    Difficulty retarget 2016 block 2016 blocks
    Block reward details Halved every 210,000 blocks. Halved every 840,000 blocks
    Initial reward 50 BTC 50 LTC
    Current block reward 25 BTC 50 LTC
    Block explorer blockchain.info block-explorer.com
    Created by Satoshi Nakamoto Charles Lee
    Creation date January 3rd, 2009 October 7th, 2011
    Market cap $10,467,596,650.78 $540,274,528.26
     Bitcoin Statistics  Litecoin Statistics