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Among cryptocurrencies, Bitcoin receives most media headlines, but did you know that less-known Bitcoin alternatives could be faster and more functional? Two of the leading contenders are Litecoin and Ethereum. When comparing Litecoin vs Ethereum, which cryptocurrency is best?
Along with Bitcoin, Litecoin and Ethereum have grown like mushrooms in recent years towards several billion dollar market capitalization, but do not be fooled into believing that cryptocurrency is a safe bet.
Before wondering either Litecoin or Ethereum, you should consider how well you own very volatile digital assets. In almost a glance, the prices of crypto curves have been known to fluctuate by two-digit percentages.
Which cryptocurrency is best? Is it the relatively new cryptocurrency Ethereum, which was launched in 2015 and quickly rose to another in the row behind Bitcoin? Or Litecoin, the more established digital currency that has existed since 2011?
Litecoin Vs Ethereum
Perhaps the biggest difference between Litecoin and Ethereum is that the former is a crypto exchange, while the latter, Ethereum, is an open-source, blockchain-based distributed computer platform that can support smart contract functionality.
It's a complicated way to say that Ethereum not only makes a cryptocurrency called ether possible but can also support the launch of new crypto curves and allow funds to be funded for new projects.
The easiest way to think about Ethereum is to compare it with something you're probably using every day your cell phone. If you have an Android or iOS phone, you have apps that can perform a variety of features when you order an uber to map a route across the city.
Apps are written in a variety of languages for many purposes and can be downloaded by anyone. Similarly, Ethereum was designed as the basic blockchain layer that understands general purpose programming languages that provide flexibility to the blockchain world.
Litecoin is strictly a cryptocurrency, which means that people use it mainly to conduct transactions. The currency can be mined, as can bitcoin; however, its sole purpose is to serve as a digital currency.
