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 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

bitcoinlitecoin
Coin limit21 Million84 Million
AlgorithmSHA-256Scrypt
Mean block time10 minutes2.5 minutes
Difficulty retarget2016 block2016 blocks
Block reward detailsHalved every 210,000 blocks.Halved every 840,000 blocks
Initial reward50 BTC50 LTC
Current block reward25 BTC50 LTC
Block explorerblockchain.infoblock-explorer.com
Created bySatoshi NakamotoCharles Lee
Creation dateJanuary 3rd, 2009October 7th, 2011
Market cap$10,467,596,650.78$540,274,528.26
 Bitcoin Statistics Litecoin Statistics