Bitcoin Cash (BCH) vs Litecoin (LTC) Comparison
Bitcoin Cash (BCH) and Litecoin (LTC) are two popular cryptocurrencies that were created to address some of the shortcomings of Bitcoin. In this review, we will compare the features of these two cryptocurrencies and see how they differ.
History and Background
Bitcoin Cash was created in 2017 as a hard fork of Bitcoin. The main reason behind its creation was to increase the block size limit of Bitcoin, which was limiting the transaction processing speed and causing high transaction fees. Litecoin, on the other hand, was created in 2011 by Charlie Lee, a former Google engineer. It was designed to be a faster and cheaper alternative to Bitcoin, using a different algorithm for mining called Scrypt.
Technology and Features
Bitcoin Cash uses a block size of 32MB, which allows for faster transaction processing times and lower fees compared to Bitcoin. It also uses a different mining algorithm called SHA-256, which is the same as Bitcoin. Litecoin uses the Scrypt mining algorithm, which is less resource-intensive than SHA-256, making it easier for anyone with a computer to mine. It has a block time of 2.5 minutes, which is four times faster than Bitcoin's block time of 10 minutes.
Transaction Speed and Fees
Both Bitcoin Cash and Litecoin offer faster transaction processing times and lower fees compared to Bitcoin. Bitcoin Cash can handle up to 116 transactions per second, compared to Bitcoin's 7 transactions per second. Litecoin, on the other hand, can handle up to 56 transactions per second. The fees for both cryptocurrencies are also much lower than Bitcoin, with Bitcoin Cash fees averaging around $0.001 per transaction and Litecoin fees averaging around $0.01 per transaction.
Market Capitalization and Adoption
Bitcoin Cash currently has a market capitalization of around $11 billion, making it the 11th largest cryptocurrency by market capitalization. Litecoin has a market capitalization of around $8 billion, making it the 16th largest cryptocurrency by market capitalization. Both cryptocurrencies have seen significant adoption and can be used to purchase goods and services from a growing number of merchants.
Community and Development
Both Bitcoin Cash and Litecoin have active communities and development teams working to improve the technology and increase adoption. Bitcoin Cash has a strong following among those who believe in its vision of creating a more scalable and efficient version of Bitcoin. Litecoin has a strong following among those who value its speed and lower fees, as well as its commitment to maintaining a fair and decentralized network.
Overall, Bitcoin Cash and Litecoin are both solid alternatives to Bitcoin for those looking for faster transaction processing times and lower fees. While Bitcoin Cash is focused on increasing the block size limit to improve scalability, Litecoin is focused on using a different mining algorithm to achieve similar results. Ultimately, the choice between the two will depend on individual needs and preferences, but both cryptocurrencies have strong communities and are worth considering.
| Company |
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User rating
| 7 user reviews | 5 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
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Bitcoin Cash is the most popular Bitcoin hard fork proposed by Roger Ver in 2017 as a solution to the problem of slow transactions in the Bitcoin network. The idea was to create a version of Bitcoin that would be better for payments, while original Bitcoin is considered more as a store of value. Bitcoin Cash has a bigger block size than Bitcoin so the transactions of this currency are faster and cheaper. On the other side, it requires more resources to run the full node of Bitcoin Cash which makes it more vulnerable to centralization.
Bitcoin Cash quickly attracted a huge following and became a prominent part of the cryptocurrency market. BCH is available on many exchanges and is supported by numerous crypto services. Since the launch of the project, it has never left the top 10.
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Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
|
Type
| coin | coin |
Founding Date
| 2017 | 2011 |
Country
| International | International |
Languages
| No data | No data |
Team
| Public | Public |
Protocol
| Public blockchain | Public blockchain |
Current price (USD)
| 446.6724 | 84.3354 |
All-time high (USD)
| 4355.6200 | 375.2900 |
Price change (24h)
| 0.50 | -1.55 |
Volume (24h)
| 20142239.14883 | 34171300.12742 |
Hashrate
| 2653000000 | 165730 |
Max Supply
| 21000000.00000 | 84000000.00000 |
Total supply
| No data | No data |
Circulating Supply
| 19790981.14665 | 75218939.48347 |
Transaction speed / Block time
| 116 | 56 |
Transaction fee
| No data | No data |
Mining profitability
| No data | No data |
Algorithm
| SHA-256 | Scrypt |
Proof type
| PoW | PoW |
Fully premined
| No data | No data |
Smart contract address
| No data | No data |
Total coins mined
| 18462627.14680 | 65464957.99676 |
Is trading
| yes | yes |
Block reward
| 6.250000000000 | 12.500000000000 |
Block time
| 600 | 150 |
| Company | ||
|---|---|---|
| User rating | 7 user reviews | 5 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
| About |
Bitcoin Cash is the most popular Bitcoin hard fork proposed by Roger Ver in 2017 as a solution to the problem of slow transactions in the Bitcoin network. The idea was to create a version of Bitcoin that would be better for payments, while original Bitcoin is considered more as a store of value. Bitcoin Cash has a bigger block size than Bitcoin so the transactions of this currency are faster and cheaper. On the other side, it requires more resources to run the full node of Bitcoin Cash which makes it more vulnerable to centralization.
Bitcoin Cash quickly attracted a huge following and became a prominent part of the cryptocurrency market. BCH is available on many exchanges and is supported by numerous crypto services. Since the launch of the project, it has never left the top 10.
|
Litecoin was created in 2011 by a Google employee Charlie Lee. Currently, this cryptocurrency is one of the largest by market capitalization. Litecoin was created as one of the first forks of the Bitcoin blockchain. Also, it is safe to say that Litecoin is one of the first altcoins. While Bitcoin is based on SHA-256 algorithm, Litecoin utilizes a lighter scrypt algorithm.
|
|---|---|---|
| Type | Type coin | Type coin |
| Founding Date | Founding Date 2017 | Founding Date 2011 |
| Country | Country International | Country International |
| Languages | Languages No data | Languages No data |
| Team | Team Public | Team Public |
| Protocol | Protocol Public blockchain | Protocol Public blockchain |
| Current price (USD) | Current price (USD) 446.6724 | Current price (USD) 84.3354 |
| All-time high (USD) | All-time high (USD) 4355.6200 | All-time high (USD) 375.2900 |
| Price change (24h) | Price change (24h) 0.50 | Price change (24h) -1.55 |
| Volume (24h) | Volume (24h) 20142239.14883 | Volume (24h) 34171300.12742 |
| Hashrate | Hashrate 2653000000 | Hashrate 165730 |
| Max Supply | Max Supply 21000000.00000 | Max Supply 84000000.00000 |
| Total supply | Total supply No data | Total supply No data |
| Circulating Supply | Circulating Supply 19790981.14665 | Circulating Supply 75218939.48347 |
| Transaction speed / Block time | Transaction speed / Block time 116 | Transaction speed / Block time 56 |
| Transaction fee | Transaction fee No data | Transaction fee No data |
| Mining profitability | Mining profitability low | Mining profitability low |
| Algorithm | Algorithm SHA-256 | Algorithm Scrypt |
| Proof type | Proof type PoW | Proof type PoW |
| Fully premined | Fully premined No data | Fully premined No data |
| Smart contract address | Smart contract address No data | Smart contract address No data |
| Total coins mined | Total coins mined 18462627.14680 | Total coins mined 65464957.99676 |
| Is trading | Is trading yes | Is trading yes |
| Block reward | Block reward 6.250000000000 | Block reward 12.500000000000 |
| Block time | Block time 600 | Block time 150 |
Social
Website
| www.bitcoincash.org | litecoin.org |
| Bitcoin Cash | @LitecoinProject |
| Website | Website www.bitcoincash.org | Website litecoin.org |
|---|---|---|
| Twitter Bitcoin Cash | Twitter @LitecoinProject |
Advantages
| Scalable Highly Efficient Easy To Acquire | Open-source Network Decentralized Transactions Fees |
Disadvantages
| Branding Issues | Has some branding issues |
Rating
| User rating | User rating 7 user reviews | User rating 5 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages Scalable Highly Efficient Easy To Acquire | Advantages Open-source Network Decentralized Transactions Fees |
| Disadvantages | Disadvantages Branding Issues | Disadvantages Has some branding issues |
Bitcoin Cash (BCH) user rating is 4.4, based on 7 user reviews. Litecoin (LTC) user rating is 5, based on 5 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
At the moment Bitcoin Cash (BCH) price is 447.6724. Its 24h volume is 20,142,239.14883. 24h price change is 1.5.
Bitcoin Cash (BCH) max supply is 21,000,000.0. The circulating supply is 19,790,981.14665.
Bitcoin Cash (BCH) hash rate is 2653000000. Bitcoin Cash (BCH) transaction speed/block time is 116. Block reward is 6.25.
At the moment the number of coins mined is 18,462,627.1468. Mining profitability is low.
Bitcoin Cash (BCH) Cryptogeek user rating is 4.4, based on 7 user reviews.
Litecoin (LTC) price is 84.3354. Its 24h volume is 34,171,300.12742. 24h price change is -2.55.
Litecoin (LTC) max supply is 84,000,000.0. The circulating supply is 75,218,939.48347.
Litecoin (LTC) hash rate is 165730. Litecoin (LTC) transaction speed/block time is 56. Block reward is 13.5.
At the moment the number of coins mined is 65,464,958.99676. Mining profitability is low.
Litecoin (LTC) Cryptogeek user rating is 5, based on 5 user reviews.
When trading cryptocurrency, you should take into account the following rules:
Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.
Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.
Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.
An important lesson: do not believe the news, study the topic yourself.
Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.
- Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
- An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
- High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).
Lesson: never put all your eggs in one basket.
Lesson: while tokens are stored on the exchange, do not consider them as yours.
Bitcoin Cash (BCH) and Litecoin (LTC) are two popular cryptocurrencies that were created to address some of the shortcomings of Bitcoin. In this review, we will compare the features of these two cryptocurrencies and see how they differ.
History and Background
Bitcoin Cash was created in 2017 as a hard fork of Bitcoin. The main reason behind its creation was to increase the block size limit of Bitcoin, which was limiting the transaction processing speed and causing high transaction fees. Litecoin, on the other hand, was created in 2011 by Charlie Lee, a former Google engineer. It was designed to be a faster and cheaper alternative to Bitcoin, using a different algorithm for mining called Scrypt.
Technology and Features
Bitcoin Cash uses a block size of 32MB, which allows for faster transaction processing times and lower fees compared to Bitcoin. It also uses a different mining algorithm called SHA-256, which is the same as Bitcoin. Litecoin uses the Scrypt mining algorithm, which is less resource-intensive than SHA-256, making it easier for anyone with a computer to mine. It has a block time of 2.5 minutes, which is four times faster than Bitcoin's block time of 10 minutes.
Transaction Speed and Fees
Both Bitcoin Cash and Litecoin offer faster transaction processing times and lower fees compared to Bitcoin. Bitcoin Cash can handle up to 116 transactions per second, compared to Bitcoin's 7 transactions per second. Litecoin, on the other hand, can handle up to 56 transactions per second. The fees for both cryptocurrencies are also much lower than Bitcoin, with Bitcoin Cash fees averaging around $0.001 per transaction and Litecoin fees averaging around $0.01 per transaction.
Market Capitalization and Adoption
Bitcoin Cash currently has a market capitalization of around $11 billion, making it the 11th largest cryptocurrency by market capitalization. Litecoin has a market capitalization of around $8 billion, making it the 16th largest cryptocurrency by market capitalization. Both cryptocurrencies have seen significant adoption and can be used to purchase goods and services from a growing number of merchants.
Community and Development
Both Bitcoin Cash and Litecoin have active communities and development teams working to improve the technology and increase adoption. Bitcoin Cash has a strong following among those who believe in its vision of creating a more scalable and efficient version of Bitcoin. Litecoin has a strong following among those who value its speed and lower fees, as well as its commitment to maintaining a fair and decentralized network.
Overall, Bitcoin Cash and Litecoin are both solid alternatives to Bitcoin for those looking for faster transaction processing times and lower fees. While Bitcoin Cash is focused on increasing the block size limit to improve scalability, Litecoin is focused on using a different mining algorithm to achieve similar results. Ultimately, the choice between the two will depend on individual needs and preferences, but both cryptocurrencies have strong communities and are worth considering.
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