Chainlink (LINK) vs Litecoin (LTC) Comparison
With the surge of cryptocurrencies in recent years, more and more people are getting to grips with digital assets like never before. This article focuses on a deep dive comparison between two such popular cryptocurrencies: Chainlink (LINK) and Litecoin (LTC). We'll explore their origin, technology, features, market performance, and much more.
User rating
Cryptogeek rating
About
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ChainLink (LINK) is the native currency of the ChainLink platform. It represents an ERC-20 token is listed on multiple exchanges paired against major cryptos. At the time of writing, you can trade LINK against the fiat USD currency on Coinbase Pro.
Smart contracts are not able to access data on their own. Since connecting these contracts to data via node is deemed as a point of failure, using a decentralized service could be a solution.
Therefore, the ChainLink project sees its mission in the integration of the off-chain data into smart contracts through a reliable decentralized oracle network. LINK tokens hit the market in 2017 and the currency quickly made its way to the top 50 cryptocurrencies by market cap. Later it reached the top 20. ChainLink partners with a large banking network SWIFT.
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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.
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Type
Founding Date
Country
Languages
Team
Protocol
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Public blockchain
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Public blockchain
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Current price (USD)
All-time high (USD)
Price change (24h)
Volume (24h)
Hashrate
Max Supply
Total supply
Circulating Supply
Transaction speed / Block time
Transaction fee
Mining profitability
Algorithm
Proof type
Fully premined
Smart contract address
Total coins mined
Is trading
Block reward
Block time
| Company |
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| User rating |
User rating
5 / 5
3 user reviews
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User rating
5 / 5
5 user reviews
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| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
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Cryptogeek rating
3.4 / 5
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| Trust Score
How it works
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Trust Score
4.49 / 5
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Trust Score
3.98 / 5
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| About |
ChainLink (LINK) is the native currency of the ChainLink platform. It represents an ERC-20 token is listed on multiple exchanges paired against major cryptos. At the time of writing, you can trade LINK against the fiat USD currency on Coinbase Pro.
Smart contracts are not able to access data on their own. Since connecting these contracts to data via node is deemed as a point of failure, using a decentralized service could be a solution.
Therefore, the ChainLink project sees its mission in the integration of the off-chain data into smart contracts through a reliable decentralized oracle network. LINK tokens hit the market in 2017 and the currency quickly made its way to the top 50 cryptocurrencies by market cap. Later it reached the top 20. ChainLink partners with a large banking network SWIFT.
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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.
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| Type |
Type
token
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Type
coin
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| Founding Date |
Founding Date
2017
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Founding Date
2011
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| Country |
Country
No data
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Country
International
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| Languages |
Languages
No data
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Languages
No data
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| Team |
Team
Public
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Team
Public
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| Protocol |
Protocol
Public blockchain
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Protocol
Public blockchain
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| Current price (USD) |
Current price (USD)
No data
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Current price (USD)
113.2440
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| All-time high (USD) |
All-time high (USD)
No data
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All-time high (USD)
375.2900
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| Price change (24h) |
Price change (24h)
No data
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Price change (24h)
1.51
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| Volume (24h) |
Volume (24h)
No data
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Volume (24h)
49396049.64691
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| Hashrate |
Hashrate
No data
|
Hashrate
165730
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| Max Supply |
Max Supply
No data
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Max Supply
84000000.00000
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| Total supply |
Total supply
No data
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Total supply
No data
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| Circulating Supply |
Circulating Supply
No data
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Circulating Supply
76114714.48347
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| Transaction speed / Block time |
Transaction speed / Block time
No data
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Transaction speed / Block time
56
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| Transaction fee |
Transaction fee
No data
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Transaction fee
No data
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| Mining profitability |
Mining profitability
medium
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Mining profitability
low
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| Algorithm |
Algorithm
No data
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Algorithm
Scrypt
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| Proof type |
Proof type
No data
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Proof type
PoW
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| Fully premined |
Fully premined
No data
|
Fully premined
No data
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| Smart contract address |
Smart contract address
No data
|
Smart contract address
No data
|
| Total coins mined |
Total coins mined
No data
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Total coins mined
65464957.99676
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| Is trading |
Is trading
No data
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Is trading
yes
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| Block reward |
Block reward
No data
|
Block reward
12.500000000000
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| Block time |
Block time
No data
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Block time
150
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Social
Website
Twitter
Advantages
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Technological capabilities
Offers decentralized oracles
Significant presence on social networks
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Open-source Network
Decentralized
Transactions Fees
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Disadvantages
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Few guarantees for the investors
Little communication on further developments
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Has some branding issues
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Rating
| User rating |
User rating
5 / 5
3 user reviews
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User rating
5 / 5
5 user reviews
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| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
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Cryptogeek rating
3.4 / 5
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| Advantages |
Advantages
Technological capabilities
Offers decentralized oracles
Significant presence on social networks
|
Advantages
Open-source Network
Decentralized
Transactions Fees
|
| Disadvantages |
Disadvantages
Few guarantees for the investors
Little communication on further developments
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Disadvantages
Has some branding issues
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Chainlink (LINK) user rating is 5, based on 3 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.
Choose other companies
In conclusion, while Chainlink (LINK) and Litecoin (LTC) both have their unique offerings and advantages, your preference will likely depend on individual investment goals, preferences for certain technological aspects, and risk tolerance. Always remember, thorough research and understanding are crucial while dipping a toe into the shifting sands of cryptocurrency investments. Ultimately, only time will reveal which of these cryptocurrencies will stand the test of time.
With the surge of cryptocurrencies in recent years, more and more people are getting to grips with digital assets like never before. This article focuses on a deep dive comparison between two such popular cryptocurrencies: Chainlink (LINK) and Litecoin (LTC). We'll explore their origin, technology, features, market performance, and much more.
