Litecoin vs Ethereum
Since Bitcoins inception back in 2009, cryptocurrencies have taken over the world and people everywhere are looking to invest in them. However, with so many different options around right now, it can be especially hard to figure out which is the best and that will all depend on everyone’s individual situation most of the time, but in order to find out which ones are actually the real deal will depend on many more things. Today, the focus is on Litecoin and Ethereum, two wonderful forms of cryptocurrency that are entirely different.
There are over 4,000 different types of cryptocurrency that are available in the present day and all of them have their very much deserved place in the world, however, there are certainly some industry leaders and both Litecoin and Ethereum are among them. One thing to keep in mind above all is the fact that there is absolutely no guarantee that any cryptocurrency will be eternal and at any moment, it can just disappear. Luckily, it seems as if another popularity spike may be in the near future considering the large influx of great apps such as the one you can sign up for with the Bitcoin Up Login.
Aside from that, let’s take a look at both Litecoin and Ethereum.
Litecoin
Litecoin was created back in 2011 roughly two years after Bitcoin by Charlie Lee. Litecoin was created as a lite version of Bitcoin and has succeeded well in doing just that which shows in its rising popularity. It is what most people consider as the closest alternative to using Bitcoin and although it is a lite version, it is still just as successful.
Some even go as far as to nickname Bitcoin ‘digital gold’ and Litecoin ‘digital silver’ when they are referring to it in a hierarchy type form. When people are looking at Bitcoin, they often see the large price and are put off, but that is why Litecoin is such an amazing alternative because it simply does not have the same large cost that Bitcoin does. Litecoin also used blockchain technology and is essentially a guinea pig for Bitcoin-related things most of the time.
It is also far faster transaction wise than Bitcoin is.
Ethereum
Ethereum is also amazing and tends to be third when it comes to the hierarchy of Bitcoin. It launched a long time after both Bitcoin and Litecoin back in 2015 but was conceptualized by Vitalik Buterin in 2013. While Ethereum is greatly programmable, it still uses blockchain technology, so it does differ ever so slightly from Litecoin and Bitcoin.
It is designed specifically to use a large variety of applications and is also designed to be open access. You can certainly do a lot more with Ethereum than you can do with Bitcoin and Litecoin simply because of its programable approach to it all. Ethereum is actually a very suitable long-term investment for most people if they are looking at purchasing something that is a bit more than just cryptocurrency.