This is not a smart contract system like Ethereum, a utility token like BAT, a residual income system like Divi, or a token for an exchange OKB; this is a payment system very similar to Bitcoin. In fact, it is one of Bitcoin’s first hardforks. Like all hardforks it has it’s own unique twist compared to Bitcoin and is unique compared to the other Bitcoin copy cats. For one thing, the founder of Litecoin, Charlie Lee was smart enough not to call it Bitcoin unlike Bitcoin Cash, Bitcoin Gold, Bitcoin Cash Satoshis Vision, etc etc etc.
Litecoin’s Technical Differences Compared to Bitcoin
Litecoin uses the Scrypt algorithm instead SHA-256 for mining. This means that a Bitcoin miner can not just start mining Litecoin at the drop of a hat (unlike Bitcoin Cash). This makes Litecoin more secure against 51% attacks than it’s other hardfork cousins. It’s also easier for people to mine Litecoin if they don’t own a supercomputer.
A block every 2.5 minutes instead of every ten minutes.
It will produce 4x the coins that Bitcoin will produce or 84 Million
It tends to rely on Bitcoin’s code otherwise…
BUT it does tend to implement newer technologies before Bitcoin does. For instance, Litecoin implemented Segwit years before Bitcoin finally did it. They are also working on implementing a smart contract system and Mimblewimble (a privacy protocol) into their systemVoir la critique complète