Why do some people call Litecoin “digital silver”?
First, what is it? Charlie Lee once described Litecoin as a “lighter version of Bitcoin,” using the analogy “Bitcoin is gold, Litecoin is silver” to explain the relationship between the two.
How it works: Litecoin was originally based on Bitcoin’s code. Its main differences are a shorter block time, a different mining algorithm, and a larger total supply.
The total supply cap of $LTC is 84 million coins, exactly four times Bitcoin’s.
Size your position responsibly and leave yourself room to maneuver.
First, what is it? Charlie Lee once described Litecoin as a “lighter version of Bitcoin,” using the analogy “Bitcoin is gold, Litecoin is silver” to explain the relationship between the two.
How it works: Litecoin was originally based on Bitcoin’s code. Its main differences are a shorter block time, a different mining algorithm, and a larger total supply.
The total supply cap of $LTC is 84 million coins, exactly four times Bitcoin’s.
Size your position responsibly and leave yourself room to maneuver.