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Litecoin Pro

A peer-to-peer cryptocurrency offering faster transactions with an alternative blockchain hashing algorithm than Bitcoin.

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About

Faster Transaction Speed: Litecoin block generation time is 2.5 minutes (compared to Bitcoins 10 minutes). This faster block time allows for quicker transaction confirmations, making Litecoin more practical for day-to-day transactions.

Scrypt Algorithm: Litecoin uses a different mining algorithm called Scrypt, as opposed to Bitcoin SHA-256. Scrypt is designed to be less resource-intensive, making it more accessible to a broader range of miners. This reduces the influence of specialized mining hardware (like ASICs) and allows for a more decentralized mining network.

Higher Supply Limit: Litecoin has a maximum supply of 84 million coins, four times more than Bitcoins 21 million cap. This higher supply can make Litecoin more accessible and potentially less subject to scarcity-driven price volatility.

Decentralization and Open Source: Like Bitcoin, Litecoin is a decentralized, open-source network that operates without a central authority. The Litecoin community actively supports its development, and its code is publicly available, which promotes transparency and community trust.

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