- Firstly - Litecoin processes a block every 2.5 minutes while Bitcoin does it every 10 minutes, which allows for faster confirmation of the transaction.
- Secondly - the Litecoin network will produce at least 84 million LTC, which is four times the maximum number of bitcoins.
- Thirdly - Litecoin takes the "Scrypt" as a mathematical proof of performed activities (proof of work).
How to buy Litecoin?
Litecoin is a cryptocurrency as well as an open source project under X11 license - one of the simplest and most liberal open source licenses. It was inspired by and is almost identical technically to Bitcoin as it was created and transferred without the central issuer. There are only three basic features that distinguish Litecoin from Bitcoin: