What are the differences between litecoin and bitcoin cash?

1 answers

• Jan 07, 2022 · 3 years ago
  Litecoin and bitcoin cash are two popular cryptocurrencies, each with its own unique features. Litecoin, often referred to as the silver to bitcoin's gold, was created to be a faster and more lightweight version of bitcoin. It uses a different hashing algorithm called Scrypt, which allows for faster block generation and transaction confirmation. Bitcoin cash, on the other hand, is a fork of bitcoin that aims to increase the block size limit and improve transaction speed. It has a larger block size of 8MB, which allows for more transactions to be processed per block. Bitcoin cash also implemented a feature called Emergency Difficulty Adjustment (EDA), which adjusts the mining difficulty to ensure a consistent block time. In terms of use cases, litecoin is often used for smaller transactions and day-to-day purchases, while bitcoin cash is seen as a more scalable and versatile cryptocurrency for larger transactions and business applications. Overall, the main differences between litecoin and bitcoin cash lie in their technology, transaction speed, and use cases.
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