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RE: What Is Litecoin, and Why Is It Beating Bitcoin.
The transaction speed and the proof of work algorithm sounds great but is there any other superior features. I'm interested in knowing thank you. The slightest difference would be appreciated.
Just like bitcoin, litecoin is a crytocurrency that is generated by mining. Litecoin was created in October 2011 by former Google engineer Charles Lee. The motivation behind its creation was to improve upon bitcoin. The key difference for end-users being the 2.5 minute time to generate a block, as opposed to bitcoin's 10 minutes. Charles Lee now works for Coinbase, one of the most popular online bitcoin wallets.
To highlight the difference in hashing power, at the time of writing, the total hashing rate of the bitcoin network is over 20,000 Terra Hashes per second, while litecoin is just 95,642 Mega Hashes per second.
Thank you I appreciate the knowledge.
https://steemit.com/photography/@atul8888/veggie-extravanzaaa-2017-12-10-17-45-57