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3 Ways Litecoin Is Different

Posted on December 28th, 2017 by RockItCoin

Did you know you can buy litecoin at a RockItCoin ATM? Litecoin is an alternative cryptocurrency to bitcoin that was created by Charlie Lee in 2011. It is the number 5 cryptocurrency by market cap and the third-oldest cryptocurrency that still exists. Like bitcoin, litecoin operates on a blockchain. Charlie Lee has said that he would like litecoin to be the silver to bitcoin’s gold. So, how do bitcoin and litecoin differ from one another? There are three differences: speed, number of coins, and market cap.


Litecoin is based off of the same open source code as bitcoin, however, there are some notable differences. One of the biggest disparities between the two cryptocurrencies lies in their transaction speeds. Litecoin generates blocks about four times faster than bitcoin, therefore litecoin can confirm the legitimacy of transactions quicker as well as a much higher number of them over the same time frame.

Number Of Coins

One reason some cryptocurrencies hold intrinsic value is because of their limited supply. Once a certain number of bitcoin (btc) or litecoin (ltc) are created, that is it. There can be no additional coins created at that point. Bitcoin has a limit of 21 million coins, litecoin will max out at the 84 million mark.

Market Cap

Litecoin’s market cap pales in comparison to bitcoin, however, it still ranks among the top 5 cryptocurrencies at this time. These rankings will fluctuate based on price and number of coins in circulation.

Visit a RockItCoin ATM today to buy litecoin! Click here to find a RockItCoin location nearest you.