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Litecoin

Litecoin is an altcoin that is a fork of Bitcoin, and it was launched in 2011. Litecoin is nearly identical to Bitcoin, but it differs in several key ways:

  • Litecoin has a faster block generation time than Bitcoin;
  • Litecoin has a higher maximum number of coins than Bitcoin;
  • Litecoin uses the scrypt cryptographic hash algorithm instead of SHA-256.

Source: https://www.techrepublic.com/article/mini-glossary-cryptocurrency-terms-you-need-to-know/

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