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Litecoin

Litecoin

LTC
$59.89(2.15%)
6.95K SAT

Litecoin was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins. It benefits from shorter block generation times of around 2.5 minutes, allowing transactions to clear faster. Litecoin also has lower transaction fees than Bitcoin.

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