Litecoin is a cryptocurrency that was created as a "lighter" version of Bitcoin. Some of the key features of Litecoin include:
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Faster transaction times: Litecoin has a faster block generation time compared to Bitcoin, allowing for quicker transaction confirmations.
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Scrypt algorithm: Litecoin uses the Scrypt hashing algorithm, which is considered to be more memory-intensive than Bitcoin's SHA-256 algorithm.
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Higher coin limit: Litecoin has a higher total coin limit of 84 million compared to Bitcoin's 21 million, which can potentially help with price stability.
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Active development community: Litecoin has a strong development community that continues to work on improving the technology and features of the coin.
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Segregated Witness (SegWit): Litecoin was one of the first major cryptocurrencies to implement SegWit, a protocol upgrade that helps increase transaction throughput and reduce fees. Overall, Litecoin offers a faster and more scalable alternative to Bitcoin with its own unique set of features and attributes.
