Litecoin is a peer to peer cryptocurrency. It was created in October 2011 by a former Google employee, Charlie Lee. Litecoin is a decentralized currency with no central control of the traditional banking system. It provides a safe and easy way for merchants to exchange money as there is less fee to receive payments and no chargebacks. All transactions are recorded on a public ledger known as the blockchain so payments can be immediately verified.
Its public blockchain can be independently verified by anyone. With Litecoin you can send money anywhere in the world, to anyone, instantly. The transaction fees are less than as charged by major credit card companies, traditional bank transfers, and even other digital payment processes.
The first one is speed- Bitcoins are very energy intensive to mine. The algorithm needs tons and tons of servers and it takes a long time. Litecoin is four times faster. The speed also varies with transactions. The bitcoins can sometimes take a while to receive or send. Litecoins are much faster.
The second main difference is that there can only be 21 million of Bitcoins that can exist, whereas there can be 84 million Litecoins. Both Litecoin and Bitcoin can be split up to 8 decimal places.
Litecoin is great for trading, spending or raising funds because of its hassle-free nature. It is more stable than other cryptocurrencies and less volatile. It is the most popular alternative available for the Bitcoins and is preferable to less fuss in the Litecoin market. know about dogecoin
Learn how to buy litecoin with paypal