What About Litecoin vs. Ethereum?
What Is Litecoin?
When you ask yourself, “Should I buy Litecoin or Ethereum?”, you’re asking what is more valuable to you:
Smart contracts
or
Cheaper and faster (than Bitcoin, at least) payment
Why do we say that?
Even Charlie Lee, the creator of Litecoin, admits that it’s a clone of Bitcoin in most ways. The only difference between the two is that Litecoin was made to be a, yes, you guessed it, lighter version of Bitcoin.
Should I buy Ethereum: a Litecoin on a black keyboard.
Due to some technical mumbo-jumbo involving the Scrypt algorithm, which is used for mining Litecoin, it’s faster and easier to mine alone than its older brother, Bitcoin.
What Is the Difference Between Litecoin And Ethereum?
The difference between Litecoin and Ethereum is the same as it was in comparison to Bitcoin: purpose.
The answer to the question of “Should I buy Litecoin or Ethereum?” remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.
Bitcoin’s two biggest weaknesses—slow transaction speed and price—are considerably lessened with Litecoin.
Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.
So, what about it?
Ethereum is built on the idea of smart contracts that enable the creation of smart contract-driven dApps (decentralized apps). Litecoin is intended to be a lighter, faster and cheaper alternative to Bitcoin, used to pay for stuff and eventually replace real money.
When you ask, “Should I buy Litecoin or Ethereum?”, I answer:
Which idea attracts you more, small payments using cryptocurrencies or secure apps? If it is payments, go with Litecoin. If it is decentralized apps, choose Ethereum.
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bitcoin Drill down into any of the transactions and you will see how it is made up of one or more amounts coming in and out. Having more than one incoming and outgoing amount in a transaction enables the system to join and break amounts in any possible way, allowing for any fractional amount needed. Each incoming amount is a past transaction (which you can also view) from someone's address, and each outgoing amount is addressed to someone and will be part of a future transaction (which you can also navigate down into if it has already taken place.)Litecoin’s development was initiated by Charlie Lee, and has been maintained by core developers and contributors from the community.All development activities can be found here.In addition, the Litecoin Foundation is actively involved in the development and the promotion of Litecoin use-cases across the globe.1. What is Monero (XMR)? 