In contrast to Bitcoin, the founder of Litecoin, Charlie Lee, expresses his vision of Litecoin as being the payment method of choice and focuses on speed and scalability to achieve this. Litecoins purpose as a digital currency is clear, and theres a designated leader behind the project.
While the block size of Litecoins network remains the same size as Bitcoins, the time taken to generate a block is only 2.5 minutes. This increases transaction speeds by 300 percent, and Litecoins blockchain is more than capable of verifying over 1 million transactions per day without network delays.
''Overall, Litecoin is quicker, cheaper and far more scalable than Bitcoin, and its definitely a coin to look out for in 2018.''
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