Bch vs litecoin

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It stated four things to look forward to in for Litecoin. This was followed by a tweetstorm from Charlie Lee detailing the current effort to increase the fungibility of Litecoin by including the feature of confidential transactions. We chose Bitcoin Cash because we feel it is the more active and resilient team between the two. Disagreements and occasional dramas are proofs of passionate participation. It also shows the intense engagement of the Team and the community. This is not to say the Litecoin team lacks commitment and dedication.

We are just saying Bitcoin Cash beats them in terms of intensity. Both teams are highly competent professionals with a history of successful endeavors. They are also backed by very influential people that helped shaped the cryptocurrency landscape. Moreover, they have the backing of foundations that have developmental oversight of each of the projects. The next important aspect of any project is its technology. The underlying technology of both projects is very similar to Bitcoin BTC.

However, their developers introduced changes into the codebase of BTC to make them more scalable and functional. If fact, some people in the crypto space believe it is a better version of BTC envisioned by Satoshi Nakamoto.

On the other hand, Bitcoin developers chose to support SegWit2x as a scalability solution and seem to peg their hopes in 2nd layer scaling solutions like the Lightning Network. As a result Bitcoin Cash can handle more transactions than Bitcoin given the same amount of time. If all transaction parameters are the same, BCH should be able to do 32x more transactions.

Due to a smaller pool of pending transactions, BCH users need not pay as much to get their transactions confirmed. Apart from this, BCH will now be able to do smart contracts and oracle services since its last fork. However, this cryptocurrency was not a result of a disagreement among developers. Litecoin seeks to be a lighter and faster version of Bitcoin.

Litecoin has always played the role of a test chain for BTC. LTC developers also planned to increase fungibility by incorporating Confidential Transaction technology. Finally, not to be outdone by Bitcoin Cash, Rootstock will include Litecoin support to add Ethereum-like smart contract functionality into Litecoin. Bitcoin Cash and Litecoin have different scaling solutions. Despite these different approaches both demonstrated the capacity to scale more compared to Bitcoin. As far as choosing which one is better in terms of current and planned technology remains debatable.

In terms of future developments, each can match the offer of the other. We believe the scaling solutions of both projects are viable. The technologies implemented by both Bitcoin Cash and Litecoin enable faster transaction times at a fraction of the cost using Bitcoin.

Enabling them to function more of a currency compared to Bitcoin which is fast becoming more of a store of value. Both are more suitable for day-to-day transactions and thus the tie result. Bitcoin Cash and Litecoin derive their value on how effective they serve as a medium of exchange.

Simply put, they need to be an effective way of payment for daily transactions. Their relevance relies on the fact that Bitcoin is unable to function as such. This is due to transaction latency and cost which goes beyond the tolerance threshold of your average consumer. Who would want to wait 10 minutes to consummate a transaction?

Transactions are processed faster with far fewer fees. This is the immediate result of being able to process more data per block. Moreover, BCH offers the same level of security of BTC as it shares the same consensus mechanism and hashing algorithm. They even the same block time of seconds or 10 minutes.

First, it increased its total supply to lessen the burden of users having to deal with decimal numbers. Second, it changed its hashing algorithm to Scrypt to be more resistant to specialized mining equipment. This serves as a deterrent to the centralization of mining activities.

Finally, it has a faster block time of seconds or 2. The winner of this round is Bitcoin Cash as it performed better as digital cash than Litecoin. Looking at the table below we can see that Bitcoin cash was able to process more transactions at a significantly lower cost. From August to October, Bitcoin cash was averaging 0.

This can be interpreted as a higher computational load for BCH. This brings us to the last point why we chose Bitcoin Cash— currently, it is a more secure network. Faster, cheaper and more secure, that sold us to Bitcoin Cash this round.

Cryptocurrency projects may have all the talent and technology in the world but it will all go to waste if nobody uses them. That is why it is important to check Bitcoin Cash and Litecoin adoption. Mass adoption is perhaps the most important goal of any cryptocurrency project for its success. For this reason, there is a need to look into the traction of these two projects. Moreover, we need to identify what tactics they are using further increase their traction.

Being the identical twin of BTC has its perks. In addition, significantly fewer transaction fees and faster transaction time makes is more appealing for consumers to use. The only major challenge for further adoption of BCH is perhaps the unwillingness of crypto community members who aligned themselves with the incumbent chain. Contrary to BCH, Litecoin has generally been in good graces with the wider bitcoin community. It has taken a more pragmatic approach of being an alternative chain or a test chain for the bitcoin network.

However, this lack of competitive drive may have negatively affected the ability of LTC to innovate and build its own brand. Bitcoin Cash takes this round due to the following reasons. First, it is closely associated with the Bitcoin brand. The name alone makes a whole lot of difference as Bitcoin is the most recognizable brand in the world.

This holds true even beyond the crypto space. Additionally, it has been actively marketing itself as superior digital cash to the incumbent BTC. This is backed with actual performance. Moreso than LTC. The last aspects that we will look into are threats and triggers of these two crypto projects. These are major events, updates, and upgrades, business partnerships or changing regulatory environments that may affect the price movement or development of a particular project. They serve as a catalyst to a major bull run or a barrier that the project needs to overcome.

Threats and triggers are important factors due to the fickle nature of crypto markets where a single event can change the trajectory of crypto projects. The previous sections show Bitcoin cash has a lot of good things happening for them. Moreover, the increasing mining difficult shows the continued confidence of miners to BCH.

In other news, Roger Ver acquired Japanese firm O3, this will introduce some interesting dynamics in the development of more BCH-based apps via the Bitcoin. However, after the halving event, the enthusiasm of crypto investors to LTC seems to have died down. As proof, miners have been showing a decreasing interest in mining LTC for the past three months. Moreover, prices of Litecoin continued As if that is not bad enough, the Litecoin Foundation has been experiencing financial problems and had to be supported by Charlie Lee to stay afloat.

The incoming Litecoin Summit might produce some interesting development in Litecoin space. This is an annual event where industry leaders, Litecoin developers, and supporters gathered together to discuss the future of Litecoin. It might be the event it needs to turn its fortunes around. Aside from this, it seems that the plan shared by Litecoin Foundation late last year is moving forward. It was not hard to see that that there are a lot more positive things going for Bitcoin Cash compared to Litecoin.

The loser has been marked with Red color. You can say that Litecoin is the winner based on different comparisons of historical values from the above charts. Note: This is declaration is based on comparisons of the historical values, do not plan to take any financial advice based on the above charts.

Do consult financial experts or do some proper research before investing in it. So does this charts comparison help you understand the fundamentals? Have you got the answer for Bitcoin Cash Vs Litecoin? Which coin are you finally going to invest in? Comment the below. Also if you have got any query to comment them down we will try to solve them out.

Do share the comparison with friends on social media. Join our mailing list to get regular Blockchain and Cryptocurrency updates. No thanks. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Email — contact cryptoground. Bitcoin News Ethereum news Altcoin news.

Price USD. BCH LTC Market Cap USD. BCH 10,,,

Litecoin bch vs app to buy bitcoin

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Litecoin has always played the role of a test chain for BTC. LTC developers also planned to increase fungibility by incorporating Confidential Transaction technology. Finally, not to be outdone by Bitcoin Cash, Rootstock will include Litecoin support to add Ethereum-like smart contract functionality into Litecoin.

Bitcoin Cash and Litecoin have different scaling solutions. Despite these different approaches both demonstrated the capacity to scale more compared to Bitcoin. As far as choosing which one is better in terms of current and planned technology remains debatable. In terms of future developments, each can match the offer of the other. We believe the scaling solutions of both projects are viable. The technologies implemented by both Bitcoin Cash and Litecoin enable faster transaction times at a fraction of the cost using Bitcoin.

Enabling them to function more of a currency compared to Bitcoin which is fast becoming more of a store of value. Both are more suitable for day-to-day transactions and thus the tie result. Bitcoin Cash and Litecoin derive their value on how effective they serve as a medium of exchange. Simply put, they need to be an effective way of payment for daily transactions. Their relevance relies on the fact that Bitcoin is unable to function as such.

This is due to transaction latency and cost which goes beyond the tolerance threshold of your average consumer. Who would want to wait 10 minutes to consummate a transaction? Transactions are processed faster with far fewer fees. This is the immediate result of being able to process more data per block. Moreover, BCH offers the same level of security of BTC as it shares the same consensus mechanism and hashing algorithm.

They even the same block time of seconds or 10 minutes. First, it increased its total supply to lessen the burden of users having to deal with decimal numbers. Second, it changed its hashing algorithm to Scrypt to be more resistant to specialized mining equipment. This serves as a deterrent to the centralization of mining activities. Finally, it has a faster block time of seconds or 2.

The winner of this round is Bitcoin Cash as it performed better as digital cash than Litecoin. Looking at the table below we can see that Bitcoin cash was able to process more transactions at a significantly lower cost. From August to October, Bitcoin cash was averaging 0.

This can be interpreted as a higher computational load for BCH. This brings us to the last point why we chose Bitcoin Cash— currently, it is a more secure network. Faster, cheaper and more secure, that sold us to Bitcoin Cash this round. Cryptocurrency projects may have all the talent and technology in the world but it will all go to waste if nobody uses them.

That is why it is important to check Bitcoin Cash and Litecoin adoption. Mass adoption is perhaps the most important goal of any cryptocurrency project for its success. For this reason, there is a need to look into the traction of these two projects.

Moreover, we need to identify what tactics they are using further increase their traction. Being the identical twin of BTC has its perks. In addition, significantly fewer transaction fees and faster transaction time makes is more appealing for consumers to use. The only major challenge for further adoption of BCH is perhaps the unwillingness of crypto community members who aligned themselves with the incumbent chain.

Contrary to BCH, Litecoin has generally been in good graces with the wider bitcoin community. It has taken a more pragmatic approach of being an alternative chain or a test chain for the bitcoin network. However, this lack of competitive drive may have negatively affected the ability of LTC to innovate and build its own brand. Bitcoin Cash takes this round due to the following reasons. First, it is closely associated with the Bitcoin brand. The name alone makes a whole lot of difference as Bitcoin is the most recognizable brand in the world.

This holds true even beyond the crypto space. Additionally, it has been actively marketing itself as superior digital cash to the incumbent BTC. This is backed with actual performance. Moreso than LTC. The last aspects that we will look into are threats and triggers of these two crypto projects. These are major events, updates, and upgrades, business partnerships or changing regulatory environments that may affect the price movement or development of a particular project.

They serve as a catalyst to a major bull run or a barrier that the project needs to overcome. Threats and triggers are important factors due to the fickle nature of crypto markets where a single event can change the trajectory of crypto projects. The previous sections show Bitcoin cash has a lot of good things happening for them. Moreover, the increasing mining difficult shows the continued confidence of miners to BCH.

In other news, Roger Ver acquired Japanese firm O3, this will introduce some interesting dynamics in the development of more BCH-based apps via the Bitcoin. However, after the halving event, the enthusiasm of crypto investors to LTC seems to have died down. As proof, miners have been showing a decreasing interest in mining LTC for the past three months.

Moreover, prices of Litecoin continued As if that is not bad enough, the Litecoin Foundation has been experiencing financial problems and had to be supported by Charlie Lee to stay afloat. The incoming Litecoin Summit might produce some interesting development in Litecoin space. This is an annual event where industry leaders, Litecoin developers, and supporters gathered together to discuss the future of Litecoin.

It might be the event it needs to turn its fortunes around. Aside from this, it seems that the plan shared by Litecoin Foundation late last year is moving forward. It was not hard to see that that there are a lot more positive things going for Bitcoin Cash compared to Litecoin. Moreso with its current development plan progress. It is truly exciting times for Bitcoin Cash right now.

However, we cannot dismiss LTC all together. There are several protocol improvements on the horizon. Only time will tell if these efforts will bear fruit, also remember, a significant event, development or change can turn any crypto projects around. Bitcoin Cash vs Litecoin was an interesting comparison, however, it looks like Bitcoin Cash really beats Litecoin in every category. Rest assured that we have evaluated them objectively. If there is any consolation, we believe that the Litecoin community can improve and bounce back from this current slump, in fact, they have great plans ahead.

They are a very resilient community that has passed the test of time. It is after all the 6th largest crypto in the world by market capitalization. The momentum is currently with Bitcoin Cash right now and the market is reacting favorably. Furthermore, positive developments in terms of partnerships, business investments, and protocol upgrades seem to point that this momentum will carry over until next year, reaching boiling point at Bitcoin and Bitcoin Cash halving event.

Follow him on LinkedIn to stay up to date on his latest work on blockchain, decentralization and crypto investments. Hi Jesus, i am Daniel — a registered nurse and crypto enthusiast for over 3 years now May i ask — do you ever think about how you might integrate your career between medicine and crypto?

Is Kraken Safe? Is Bitstamp Safe? Share on facebook Share on Facebook. Share on twitter Share on Twitter. Share on pinterest Share on Pinterest. Share on telegram Share on Telegram. Table of Contents show. In other words, SegWit means to separate transaction signatures to create more space to include more transactions to the chain. The SegWit concept was first presented at the Scaling Bitcoin conference in back in December by a Bitcoin developer, Pieter Wuille, and was later activated on Litecoin on May 10, Bitcoin Cash is fully decentralized peer-to-peer electronic cash for the Internet.

It was first introduced on August 1, However, since the inception of BTC, there have been some pressing issues surrounding its ability to scale effectively. So as its popularity grew over time and more people started using the network, the block within the network started getting congested. As a result, the transaction speeds became very slow at around 7 transactions per second tps on average, when compared with Visa that performs about tps.

This has also led to higher transaction fees, thus, undermining the ease of use of the entire system. While they are both alike, because they use the same codebase, BCH has some very noticeable differences, one of which is the block size limit of 8MB initially. It has now been upgraded to 32MB blocks.

This increased block size increases the transactions processing times and the number of transactions that can be processed by the network per day. Bitcoin Cash creators hope that one day, BCH volume of transactions will be able to compete with that of industry giants like Visa and PayPal. In an added twist, Bitcoin Cash has recently undergone another hard fork on November 15, , which resulted in two different coins and blockchain.

But that story will be told another time. But what does Hard Fork mean? They previously lived together as one, but after the breakup, they became two parties who are independent of each other. Got it? Put differently, a hard fork involves splitting a single cryptocurrency in two.

It occurs when the code of the previous crypto is tweaked, resulting in both an old and latest version that are incompatible. This, of course, is a Bitcoin Cash vs Litecoin debate. How do these two well-known networks compare? Read on!

You may want to learn: How to buy Litecoin with a credit card? You may want to learn: How to buy Bitcoin Cash with a credit card? Despite the advantages we have considered, Bitcoin Cash also has its fair share of demerits. Have a look:. That said, the reason for the Bitcoin Cash vs Litecoin debate is to know which one of them is the best cryptocurrency investment. How is Litecoin vs Bitcoin Cash different in terms of scaling transaction? As per the data from coinanalysis , BCH transaction size on the average is only bytes.

In other words, Bitcoin Cash can handle thousands of transactions every hour when compared with Litecoin due to its massive 32MB blocks that are mined approximately 10 minutes. From the following, you can see the clear distinction between Litecoin vs Bitcoin Cash with respect to block size limits , which also reveals the different approaches the teams behind them have adopted to scalability.

Nevertheless, it is also worthy of note, that when it comes to optimizing transaction speed, the core developers of Litecoin have given the coin some edge over Bitcoin Cash as they are examining the Lightning Network LN. This is a Layer-2 payment solutions that enables fast transactions between participants. While it was originally designed for Bitcoin , LN has made Litecoin transactions cheaper and almost instantaneous.

While the adoption of the lightning network scaling solution is growing rapidly, it is still under development. When measured in real transaction volume, between Bitcoin Cash vs Litecoin, which has more usage? While both altcoins were developed with the goal of making a virtual currency with small transfer fees and faster confirmation times, BCH and LTC are still dragging their feets in terms of transaction volume.

As a matter of fact, Bitcoin transaction volume per day is still higher than both. The reason for this might be because, at the moment, there is low interest in digital or electronic cash. Most people today still find it convenient to use their debit cards and credit cards for their everyday transactions on the internet.

But between Bitcoin Cash vs Litecoin , the later has been the champion most recently as its daily transaction volume is estimated to be from 20, — 30, every day. There are two reasons for this. The first reason is because Litecoin blocks generation time is approximately 2. This innovative service has taken Litecoin services to another level as users easily send and receive the crypto via facebook messenger, SMS or Telegram with a mobile phone number, services Bitcoin Cash lack at the moment.

In contrast, the transaction volume of Bitcoin Cash in the past few months has floated around 10, to 40, per day. While Bitcoin Cash is cheaper to send and use, its November hard fork that split into Bitcoin Cash and Bitcoin SV did not inspire trust and confidence of its users in the network, thus, significantly reducing BCH activity. Earlier, we mentioned that some of the biggest Bitcoin miners have backed the BCH hard fork.

So when it comes to mining centralization, how is Litecoin vs Bitcoin Cash different? Nowadays, mining on both cryptocurrencies is highly centralized. Nevertheless, these two cannot compete with advanced ASIC machines. On the other hand, Litecoin is more centralized than Bitcoin Cash as it utilizes Scrypt hash algorithm, which is the most popular PoW consensus mechanism.

In other words, it requires more memory than a regular algorithm. If you decide to invest both cryptocurrencies, make sure to check out our list for the best crypto wallets to keep them secured. However, if you had to choose, which is the best?

As we have so far highlighted in this Bitcoin Cash vs Litecoin guide, both cryptocurrencies share numerous similarities. Both cryptos are hard forked from Bitcoin, they share the same codebase , and they both have the ability to scale effectively. The goal of the teams behind these networks is to satisfy the need for virtual currencies with low fees and fast confirmation times. So far in this Litecoin vs Bitcoin Cash comparison , we have made you understand their primary differences, advantages, and disadvantages.

Bitcoin Cash and Litecoin are both cryptocurrencies. For this reason, they are both depended on the crypto market development. If the demand for digital payments increases, both coins will probably increase in value. There is no straight answer to that question. You need to make that decision yourself.

We hope this was enough information to compare these cryptocurrencies. If nothing else, you can buy both Bitcoin Cash and Litecoin to build a diversified long-term portfolio. Which one will you buy? Let us know in the comments! The Litecoin network will produce a total number of 84 million Litecoins. As of writing this, miners are awarded with 50 new Litecoins per block. This amount gets halved roughly every 4 years every , blocks.

In that case, use the cryptocurrency exchange we recommend above. Your email address will not be published. Payment Methods:. Good exchange for beginners Well-established and reliable Easy to get started.