Unlike Bitcoin before it, Litecoin is an open-source, peer-to-peer digital cash network with a distributed cryptographic protocol and a native cryptocurrency. If Bitcoin is the digital gold counterpart, then digital silver would be Litecoin.

Litecoin is a Bitcoin Core client clone, which is why its software is very similar to that of Bitcoin. It was also one of Bitcoin’s first early spin-offs which helped spark the trend of producing thousands of additional altcoins flooding the market today.

Why Litecoin Might Eventually Fail As The Digital Silver To Bitcoin’s Gold

Litecoin Rode on the Back of Bitcoin’s Rally

At the right time, Litecoin caught the price momentum and rode alongside the fame of Bitcoin for a long time, Saurel commented. Charlie Lee, LTC creator, used the primary Bitcoin code with a few LTC tweaks with a promise of a faster and cheaper network.

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