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Why is Litecoin different?

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Litecoin is different from other cryptocurrencies primarily due to the following reasons:

  1. Faster transaction times: Litecoin has a faster block generation time compared to Bitcoin, allowing for quicker confirmation of transactions.

  2. Different hashing algorithm: Litecoin uses a different hashing algorithm called Scrypt, whereas Bitcoin uses SHA-256. This makes Litecoin more accessible to miners using consumer-grade hardware.

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