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.
User rating
Cryptogeek rating
About
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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.
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Type
Founding Date
Country
|
International
|
International
|
Languages
Team
Protocol
|
Public blockchain
|
Public blockchain
|
Current price (USD)
All-time high (USD)
Price change (24h)
Volume (24h)
|
20142239.14883
|
34171300.12742
|
Hashrate
Max Supply
|
21000000.00000
|
84000000.00000
|
Total supply
Circulating Supply
|
19790981.14665
|
75218939.48347
|
Transaction speed / Block time
Transaction fee
Mining profitability
Algorithm
Proof type
Fully premined
Smart contract address
Total coins mined
|
18462627.14680
|
65464957.99676
|
Is trading
Block reward
|
6.250000000000
|
12.500000000000
|
Block time
| Company |
|
|
| User rating |
User rating
4.4 / 5
7 user review
|
User rating
5 / 5
5 user review
|
| Cryptogeek rating |
Cryptogeek rating
4 / 5
|
Cryptogeek rating
3.4 / 5
|
| Trust Score
How it works
|
Trust Score
4.19 / 5
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Trust Score
3.98 / 5
|
| 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.
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| 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
Twitter
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
4.4 / 5
7 user review
|
User rating
5 / 5
5 user review
|
| Cryptogeek rating |
Cryptogeek rating
4 / 5
|
Cryptogeek rating
3.4 / 5
|
| 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.
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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.
