Bitcoin (BTC) and Litecoin (LTC) are two of the most well-known cryptocurrencies in the world and have often drawn comparisons due to their similarities and origins. Also called the flagship cryptocurrency, Bitcoin is the world’s largest and most popular cryptocurrency. On the other hand, Litecoin may not be as well known as its peers but it ranks among the top twenty cryptocurrencies and aims to improve upon the perceived shortcomings of its predecessor. An Introduction To Bitcoin And Litecoin Bitcoin (BTC) was introduced in 2009 by the pseudo-anonymous Satoshi Nakamoto BTC to its reserves. Bitcoin is powered by the blockchain, a distributed, decentralized, public ledger that ensures complete security and transparency. All data (metadata, transaction information, buyer info, seller info) is stored in cryptographically connected blocks. Once added to the blockchain, the transaction becomes immutable and cannot be altered. Bitcoin uses the Proof-of-Work consensus mechanism to verify and add transactions to the blockchain. However, it has come under criticism because it requires enormous computational resources. It also uses the SHA-256 cryptographic hash function to encrypt the blockchain. Now, let’s look at Litecoin. Litecoin was introduced in 2011 by former Google engineer Charlie Lee and was one of the earliest altcoins in the cryptocurrency space, released only a couple of years after the Bitcoin whitepaper. It was designed to be a faster, lighter version of Bitcoin and address some of the latter’s perceived shortcomings. Like Bitcoin, Litecoin also uses blockchain technology as a decentralized currency. However, it has considerable enhancements to improve transaction speeds and reduce fees. According to supporters of Litecoin, it was created in response to Bitcoin’s perceived pivot towards centralization. Litecoin is closely related to Bitcoin and has adopted several features that Lee felt worked for Bitcoin in its early stages. However, it has also improved upon several of Bitcoin’s features. For example, while Litecoin also uses the Proof-of-Work consensus mechanism, it is considerably less reliant on computing power. It also uses Scrypt for its hashing function (more on this later). Key Differences Between Bitcoin and Litecoin Bitcoin and Litecoin have several differences that set them apart. Both serve different purposes, use a different hashing algorithm, and differ regarding block times. Let’s look at these differences in a little more detail. Purpose Satoshi Nakamoto created Bitcoin as a decentralized, digital alternative to traditional fiat currencies. It allows users to transact with one another without requiring a third party. According to its whitepaper, Bitcoin addresses the glaring inefficiencies and vulnerabilities of the traditional financial system, like high transaction fees, third-party intermediaries, and centralization of control. On the other hand, Litecoin was developed to improve upon Bitcoin and address its shortcomings, primarily speed, and scalability. Litecoin creator Charlie Lee intended to create a digital currency that could handle transactions efficiently without compromising on decentralization and security. Underlying Technology Now, let’s look at their underlying technology. Bitcoin uses the Proof-of-Work consensus mechanism to validate and add transactions to the blockchain. It uses SHA-256 for this consensus mechanism, making it require significant computational resources. This is what makes Bitcoin mining an energy-intensive and resource-heavy process. While highly secure, SHA-256 has been criticized for its negative environmental impact. Litecoin uses the Scrypt algorithm for its consensus mechanism, making it significantly less energy-intensive than SHA-256. Litecoin developers chose Scrypt to make Litecoin mining more accessible to users and reduce dependence on specialized mining hardware. Block Generation And Transaction Speeds Block Generation time is one of the most prominent differences between Bitcoin and Litecoin. Bitcoin has a block generation time of 10 minutes, although scaling solutions are attempting to address this. On the other hand, Litecoin generates a new block every 2.5 minutes. Thanks to Litecoin’s shorter block time, transactions are confirmed faster than on Bitcoin, making it ideal for smaller transactions, while Bitcoin caters to large and infrequent BTC transactions. Use Cases Bitcoin has seen widespread adoption as it has become a part of mainstream finance. Several companies and financial institutions have integrated BTC into their investment portfolios, while companies like MicroStrategy have added Bitcoin to their reserves. The launch of spot Bitcoin ETFs brought unprecedented interest in the cryptocurrency, with some of the largest investment banks launching exchange-traded funds, making it more accessible to retail users. Litecoin has not seen widespread adoption but is accepted as a mode of payment by several merchants, businesses, and financial institutions. Tokenomics Bitcoin’s supply has been capped at 21 million BTC , with over 19.8 million BTC currently in circulation. Bitcoin’s limited supply and periodic halving events significantly affect its scarcity and value, making it a deflationary asset. Litecoin’s supply is also capped at a maximum of 84 million LTC, with over 75 million in circulation. Similarities Between Bitcoin And Litecoin Now that we have examined the differences between Bitcoin and Litecoin, let’s look at their similarities. Bitcoin and Litecoin operate on a decentralized network, meaning no single entity or centralized authority can control them. Decentralization is a key feature of both cryptocurrencies and ensures transactions are transparent, secure, and censorship-resistant. Secondly, Bitcoin and Litecoin are both open-source projects. Their source code is publicly available and can be viewed and modified by anyone, encouraging transparency, trust, security, and developer participation, helping improve the network. Bitcoin and Litecoin both use cryptographic techniques and the Proof-of-Work consensus mechanism to validate transactions and secure the network. Both are highly resilient to attacks thanks to their decentralized nature and developer support. In Closing: A Compliment To Bitcoin Litecoin was created as a lighter, scalable, and practical medium of exchange, facilitating smaller and faster transactions. On the other hand, Bitcoin has established itself as a store of value, a hedge against inflation, and an investment asset. Litecoin’s similarities to Bitcoin have also made it a valuable testnet for Bitcoin, highlighted by Litecoin’s early adoption of the SegWit soft fork and why many believe Litecoin is the silver to Bitcoin’s gold. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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A great way to easily earn passive income in 2025
Key Insights Cloud mining is now accessible to everyone, regardless of skill or experience level. DDB Miner stands out among similar cloud mining choices by allowing users to rent mining power and mine cryptos from home. The platform offers top-notch accessibility, 24/7 security, easy registration, lucrative offers, and much more. Take charge of your finances today by visiting the DDB Miner official website. Financial independence is a lot more attainable, especially in today’s digital era. Platforms like DDB Miner now allow users to earn impressive passive income through cloud mining. Here are some basics of cloud mining and how DDB Miner can help you make $5,000 per day. What Is Cloud Mining? Long before now, only large corporations could carry out crypto mining because they could afford expensive mining equipment. Cloud mining, on the other hand, is the solution to this problem. It allows regular individuals to mine cryptos like Bitcoin and Ethereum without having to buy expensive hardware. Users rent mining power from professional providers instead of buying or maintaining heavy mining equipment. This method removes the need to invest in equipment and electricity upfront. It also makes crypto mining more accessible to more people. Why Choose DDB Miner? Among the numerous platforms that offer these “rental services” , DDB Miner stands out as a user-friendly choice. Its standout features include Easy Registration, where users sign up in just two minutes and receive a $12 welcome bonus. Considering how the subject of crypto and blockchain may sometimes look complicated (especially for beginners), DDB Miner’s interface is designed for users of all experience levels . Moreover, it offers affordable entry for everyone, where users can start mining with minimal investment. The platform has a high profit potential, with users able to earn $5,000 or more per day by optimizing certain operations. To conclude, DDB Miner has advanced security measures in place to make sure users’ investments are safe. Once set up, your DDB Miner contract works around the clock. How to Get Started with DDB Miner Getting started with DDB Miner is as easy as it can be. All it takes is a few steps, outlined below: Sign Up . Visit the DDB Miner website and create an account. You can also enjoy a $12 sign-up bonus and earn $0.50 by checking in every day. *Click here to register now* 2. Choose a Mining Plan : You can select a plan based on your budget, and options vary when it comes to duration/ROI 3. After doing the above, deposit money to your account through secure payment methods. And that’s it. You can start mining crypto from the comfort of your home after completing the above-suggested steps. You simply have to activate your contract and monitor your real-time earnings if you like. At the end of the mining contract, simply transfer your profits to your preferred wallet or bank account. Tips to Maximize Your Earnings DDB Miner offers great ways to make passive income right off the bat. However, there are several ways to improve your possible income by the end of your mining contract. Some of them are as follows: Try starting with a basic plan and reinvest your earnings to upgrade. Use referral programs and earn cash rewards for inviting others. For example, you can earn 3% of your referrals’ investments and 4.5% from their referrals. 3. Try diversifying Your Portfolio and mining multiple cryptos. 4. Monitor crypto trends to make informed decisions. Consider the DDB Miner affiliate program, where you can make $5,000 or more per day. Is Cloud Mining Risk-Free? While DDB Miner simplifies the mining process, cryptocurrencies are inherently volatile. That’s why the company uses fixed returns and users for settlement. You don’t have to bear the corresponding volatility risk. You only need to receive a fixed return given to you by the company every day. Ultimately, Financial freedom is within reach with tools like DDB Miner, which makes cloud mining accessible for everyone. By starting small and remaining consistent, anyone can work towards earning $5,000 or more daily. Take control of your financial future today! Learn more about DDB Miner by visiting their official website: https://ddbminer.com or downloading the app from the app store. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post A great way to easily earn passive income in 2025 appeared first on Times Tabloid . Bitzo
Ethereum Network Growth Slows as Whale Reduces Position and ETF Activity Shifts
Ethereum’s network growth has significantly slowed over the past week, with new $ETH addresses dropping by 9.32%. This slowdown points to a potential dip in fresh interest and activity on the Ethereum blockchain, which could impact its future adoption and overall market sentiment. #Ethereum network growth has slowed notably over the past week, with the number of new $ETH addresses declining by 9.32%! pic.twitter.com/2Xrv2YwjBf — Ali (@ali_charts) January 13, 2025 Whale Reduces Ethereum Position A prominent whale with an 83% winning rate has reduced their Ethereum holdings by 5,872.63 ETH, purchased during a market dip, at an average price of $3,106.53. This sale resulted in a minor loss of $530,000. Despite this, the whale still holds 11,252.98 ETH (valued at about $35.39 million) at an average cost of $3,196.85. The reduction in position may signal caution in the market, particularly after the recent price fluctuations. 波段胜率 83.3% 老哥估计也被昨晚以太的跌法吓到了,割肉一小部分 过去四小时内他以均价 $3106.53 减仓了 5,872.63 枚 ETH(即昨晚暴跌时加仓的部分),小亏 53 万美金;目前两个地址仍剩余 11,252.98 枚 ETH(约 3539 万美金),成本 $3,196.85 这样也好,进可攻退可守,更灵活些~… https://t.co/WfYmVDX7pQ pic.twitter.com/GGlHOqyyqe — Ai 姨 (@ai_9684xtpa) January 14, 2025 Market Maker Activity and Potential Impact on ETH Price Cumberland, a major market maker, received a distribution of 20,000 ETH (roughly $61.38 million) from Fidelity’s FETH ETF Inflows address, which was subsequently deposited into Binance. This transaction coincided with the short-term trough of Ethereum’s price. Had these ETH tokens been sold at the time, it could have contributed to the recent decline in Ethereum’s price during the previous night’s trading session. 10 小时前,做市商 Cumberland 收到 Fidelity FETH ETF Inflows 地址分发的 20000 枚 ETH(约 6,138 万美金),随后全部充值进了 #Binance 代币充值前后刚好是 $ETH 币价的短时谷值,如果这部分 ETH 已被卖出,或为昨晚以太下跌的推手之一 钱包地址 https://t.co/d9umiwShhK pic.twitter.com/FkaRlkSAuU — Ai 姨 (@ai_9684xtpa) January 14, 2025 Ethereum ETF Flows: Mixed Sentiment On January 13, Ethereum spot ETFs saw a net outflow of $39.43 million, continuing a four-day streak of outflows. However, BlackRock’s ETHA ETF experienced a notable net inflow of $12.9 million, suggesting some institutional interest remains in Ethereum despite the overall negative trend. On January 13, the total net outflow of Bitcoin spot ETFs was $284 million. The Bitcoin spot ETF with the largest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $29.4646 million. https://t.co/59u0BnEqLG pic.twitter.com/semf38ojcs — Wu Blockchain (@WuBlockchain) January 14, 2025 Conclusion Ethereum’s network growth has slowed, and whale movements indicate a cautious stance. Coupled with the ongoing outflows from Ethereum spot ETFs, market sentiment appears to be in consolidation. However, selective institutional inflows, such as those from BlackRock, suggest there is still optimism for the future of Ethereum. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: fellowneko/ 123RF // Image Effects by Colorcinch Bitzo