Post
Topic
Board Altcoin Discussion
Re: Bitcoin vs Litecoin
by
thehedgemon
on 08/12/2013, 02:55:12 UTC
Litecoin offers MUCH faster transaction times.

No, it doesn't.  Faster block times do not equate to faster confirmations.  To decide if a transaction is "confirmed," you need to analyze the difficulty of a double spend attack at each block height.  Faster blocks are accomplished by having lower difficulty - so you need more blocks to get an equivalent chance of protection against double spend.


Haha sure I understand what you're saying, but if you were to send a litecoin to me right this instant, I would receive it faster than if you were to send me a bitcoin. I was more making a point to the OP