Litecoin is an open-source peer-to-peer cryptocurrency inspired by Bitcoin. It was designed with a different block interval and hashing algorithm, giving it a distinct payments-oriented history.
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Litecoin is an open-source peer-to-peer cryptocurrency inspired by Bitcoin. It was designed with a different block interval and hashing algorithm, giving it a distinct payments-oriented history.
Litecoin uses proof-of-work consensus based on Scrypt hashing. The network also supports features such as SegWit and optional privacy-related transactions through extensions.
Peer-to-peer transfers, merchant payments and experimentation with payment infrastructure.
A comparatively simple base-layer mission and long operating history set it apart from newer smart-contract ecosystems.
Mining centralization, transaction privacy trade-offs, liquidity, adoption uncertainty and volatility.
